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415 Vermont Avenue, Daytona Beach, FL 32118

$334,900
8
BD
4
BA
2,540
SqFt
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Listing courtesy of SLOANE REALTY, LLC. 407-829-2418

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List Price
$334,900
Status
ACTIVE
Days on Market
128
MLS#
O6419103
Subtype
Residential Income
Year Built
1908
Bedrooms
8
Bathrooms
4
Living Area
2,540
Lot Size
7,500
Acres
0.17
Subdivision
Marshall Park Daytona Beach
MLS Area Major
Daytona Beach/Holly Hill
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Property Description

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**

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Additional Information

Interior Features
Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Walk-In Closet(s)
Exterior Features
Fence, Private Entrance, Private Mailbox, Private Yard, Sidewalk
Financing
Cash, Conventional
Community Features
No Deed Restriction
Zoning
RES < 10
Heating
Central, Electric, Ductless
Air Conditioning
Central Air, Wall/Window Unit(s)
Exterior Construction
Frame, Wood Siding
Exterior Features
Fence, Private Entrance, Private Mailbox, Private Yard, Sidewalk
Roof
Shingle
Foundation
Block, Slab
Garage
1 Car Garage
Garage Spaces
1
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