Daytona Beach, FL 32118,500 Lenox AVE
Daytona Beach, FL 32118,500 Lenox AVE
Daytona Beach, FL 32118,500 Lenox AVE
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$615,000
Est. payment /mo
6 Beds
5 Baths
4,081 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,081 sqft

Price per Sqft $150

Subdivision Not On The List

MLS Listing ID 1216694

Bedrooms 6

Full Baths 5

Year Built 1947

Annual Tax Amount $7,639

Lot Size 6,098 Sqft

Lot Dimensions 0.14

Property Sub-Type Multi Family

Source Daytona Beach Area Association of REALTORS®

Property Description

Rarely available and impossible to replicate at this price this top-performing, fully rented 5-Unit concrete block building delivers a 9+ PERCENT CAP RATE, over $66,000 in annual gross income, and sits just 0.2 miles from the Atlantic Ocean and 0.25 miles from the Intracoastal Waterway. All units have separate water and electric meters, meaning tenants pay their own utilities, keeping your expenses low and your cash flow high.

The property is occupied by great tenants and managed by a trusted local management company that can continue service for a smooth, hands-off transition. Three of the units are oversized 2-bedroom, 1-bath layouts, one is a 1-bedroom, 1-bath, and one unit is a studio offering a strong and diversified rental mix. Two of the 2-bedroom units were just remodeled with new flooring, updated kitchens, modern bathroom fixtures, and fresh interior paint. Add in the newer roof and fresh exterior paint, and you've got peace of mind built right in.

The .... CON'T .... location is unbeatable with the beach just seconds away, the Daytona Beach Pier just 1 mile away, reach the world-famous Daytona International Speedway in under 10 minutes, and enjoy quick access to I-95 and I-4. With proven income, prime coastal positioning, and recent upgrades, this is a turnkey investment opportunity that checks every box for cash flow, stability, and location. Opportunities like this are rare, secure it now and start collecting rent from day one.

Location

State FL

County Volusia

Community Not On The List

Direction From I-95 and International Speedway Blvd. Go East on ISB; Go South on S Peninsula Dr; Go East on Lenox Ave. The property is on the corner of Lenox Ave. & S Grandview Ave.

Interior

Heating Individual

Cooling Multi Units, Wall/Window Unit(s)

Fireplace Yes

Exterior

Parking Features Off Street, On Street, Unassigned

Utilities Available Separate Electric Meters, Separate Water Meters

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot

Water Public

Structure Type Block,Concrete

New Construction No

Others

Senior Community No

Tax ID 530926020160

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


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Listed by Keller Williams Realty Florida Partners
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“I take great pride in the level of service, honestly and professionalism I provide to my clients. I'm ready to bring all of my skills front and center to help you sell your existing home, or find your dream home!”

 

--Jamie Lucena, MBA

+1(386) 999-1148

jamie.lucena@cbrealty.com

5965 Red Bug Lake Rd 101 Unit, Winter Springs, FL, 32708

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500 Lenox AVE