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415 VERMONT AVENUE

DAYTONA BEACH, FL 32118

MLS#: O6419103

$345,000

Status: Active
Listing number: O6419103
Listing provided by: SLOANE REALTY, LLC
Listing agent phone: None
Last update: a day ago
On site: 3 months ago
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MARSHALL PARK DAYTONA BEACH - Residential Income

Property

Beds

8

Full Baths

None

1/2 Baths

None

Year Built

1908

Sq.Footage

2,540

Price improved, motivated seller, all reasonable offers considered. Beachside 4-unit just 2 blocks from the ocean, offered AS-IS. Legal nonconforming use: per city ordinance, the property must be rebuilt as single-family in the event of total destruction (property does not qualify for FHA or conventional multifamily financing). Ideal for cash or portfolio/commercial lenders. Pro-forma gross rent of $5,600+/mo. All four units are separately metered and tenants pay their own electric, leaving roughly $350/mo in water as the main landlord utility. Two units are vacant, ready to lease at market rates. The two rear units are leased month-to-month to long-term tenants at below-market rents of $900 and $1,050. A detached 1-car garage adds upside: convert it to a 5th efficiency, expand the adjoining unit, or rent it as storage (buyer to verify zoning and permitting). One tenant handles basic lawn care. Inspection reports available upon request. **Financials within this listing are Pro-Forma. 2 units are currently vacant. The two rear/garage units are currently leased Month-To-Month to long term tenants at below market rates of $900 and $1,050**

Features & Amenities

Interior

  • Other Interior Features

    Eat-in Kitchen, Open Floorplan, Walk-In Closet(s)

  • Total Bedrooms

    8

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Wall/Window Unit(s)

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Central, Electric, Ductless

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Frame, Wood Siding

  • Other Exterior Features

    Private Entrance, Private Yard

  • Parking

    Attached

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.17

  • Lot Size(square feet)

    7,500

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $345,000

  • Tax Amount

    $6,682.66

  • Financing Options

    Cash, Conventional

  • Sq. Footage

    2,540

  • Price/SqFt

    $135

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Block, Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    8

  • Water Source

    Public

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Location

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Volusia

Elementary School

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Listing Courtesy of Matt White, SLOANE REALTY, LLC

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Price improved, motivated seller, all reasonable offers considered. Beachside 4-unit just 2 blocks from the ocean, offered AS-IS. Legal nonconforming use: per city ordinance, the property must be rebuilt as single-family in the event of total destruction (property does not qualify for FHA or conventional multifamily financing). Ideal for cash or portfolio/commercial lenders. Pro-forma gross rent of $5,600+/mo. All four units are separately metered and tenants pay their own electric, leaving roughly $350/mo in water as the main landlord utility. Two units are vacant, ready to lease at market rates. The two rear units are leased month-to-month to long-term tenants at below-market rents of $900 and $1,050. A detached 1-car garage adds upside: convert it to a 5th efficiency, expand the adjoining unit, or rent it as storage (buyer to verify zoning and permitting). One tenant handles basic lawn care. Inspection reports available upon request. **Financials within this listing are Pro-Forma. 2 units are currently vacant. The two rear/garage units are currently leased Month-To-Month to long term tenants at below market rates of $900 and $1,050**

415 VERMONT AVENUE

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