1450 S Palmetto Avenue
Daytona Beach, FL 32114
MLS #1029618

Multi-Family
  • 20units
$1,490,000
Est. P&I payment: $5690.79/mo
1450 S Palmetto Avenue, Daytona Beach, FL 32114
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Description for 1450 S Palmetto Avenue, Daytona Beach, FL 32114
Excellent stabilized investment property. Professionally managed apartment building with historically 100% occupancy. Plenty of parking with 31 parking spaces. Building is in excellent shape and has no deferred maintenance, many of the AC units have been replaced by the current owner. Building is concrete block construction with shingle pitched roof, which is ideal for holding this building long term. All 20 units are 1 bed 1 bath units with a nice open kitchen living room concept. Many of the units have updated cabinets and flooring, even the units that have not been updated are in great condition. Building has 1 active laundry room, and 1 additional laundry room being used as storage. Plenty of parking spots for the tenants, and 2 other owner storage rooms.
MLS #1029618
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My Notes for MLS #1029618

General Features

  • Area: 32 - Daytona Beville to ISB,​ E of 95
  • Subdivision: Daytona
  • City: Daytona Beach
  • Zip Code: 32,114
  • Zoning: Multi-Family
  • Occupied: Yes
  • Year Built: 1987
  • Total # Units: 20

Exterior Features

  • Building Type: Apartment Building
  • Construction: Brick,​Concrete Block
  • Land Type: Wooded
  • Parking: Parking Lot
  • Roof: Composition Shingle
  • Waterfront: None
  • Lot SqFt: 31,500

Interior Features

  • Inside Amenities: Satellite Dish
  • Living Area: 13,728
  • Total Bldg SqFt: 14,992
  • Total Bedrooms: 20
  • Style: 5+ Units
  • SqFt Source: Property Appraiser

Utility Features

  • Meters: # Electric Meters: 21
  • Meters: # Water Meters: 1
  • Air Conditioning: Central,​Multiple Units
  • Appliances: Range,​Refrigerator
  • Heating: Central,​Electric
  • Utilities on Site: 208/220 Volt Svc.
  • Water: City
  • Sewer: Public Sewer
  • Road Frontage: 210

Financial Features

  • Tenant Pays: Electric
  • Owner Pays: Cable TV,​Lawn Care,​Maintenance Exterior,​Management Fees,​Real Estate Taxes,​Trash Removal,​Water
  • Financial Pkg: Yes
  • Homestead Exempt: No
  • NRR Req: No
  • Special Contingency: No
  • Tax ID: 5340-13-00-0150
  • Maint Fee Paid: N/A
  • Franchise Opt In: Yes
  • Financial Info: Gross Monthly Rent: 13,900
  • Financial Info: Total Annual Rent: 166,800
  • Financial Info: Other Annual Inc: 900
  • Financial Info: Annual NOI: 105,369

Miscellaneous Features

  • Special Conditions: None
  • Depth: 150
  • Supra Lockbox: No
  • New Builder Home: No
  • As Is Cond: Yes
  • Legal: E 150 FT OF S 216.2 FT OF PLOT 15 COUNTRY CLUB HARBOR REPLAT REPLAT PER OR 4514 PG 1027 PER OR 6801 PG 0802 PER OR 7098 PG 0843

Location

 
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Directions to 1450 S Palmetto Avenue, Daytona Beach, FL 32114
Exit I-4 or I-95 on Beville SR400, head east, cross over US1, turn north on S Palmetto, building on the left.
The listing information for 1450 S Palmetto Avenue, Daytona Beach, FL 32114 was graciously provided by our friends at the listing brokerage, 24/7 Florida Realty

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on 1st Florida Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. 1st Florida Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 12/15/2017 at 12:52am
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