311 S Palmetto Avenue, Daytona Beach, FL 32114

$520,000
2,752
SqFt
Sold Price
$520,000
List Price
$540,000
Closing Date
Sep 15, 2023
MLS#
FC289997
Type
Multifamily
Living Area
2,752
Lot Size
3,002
Subdivision
Balcom Blk 4 Daytona
Year Built
1940

Property Description

Rare Investment opportunity to own a triplex building in the heart of Daytona Beach in a prime location. This building is one of a kind, boasting a commercial unit on the main level with the original hardwood floors. The commercial space has a large spacious floor plan with two separate rooms, a kitchenette, one handicap accessible bathroom, a back storage utility space with a washer and dryer hookup. Upstairs there are two separate apartments. Apartment A has a open concept living, with one bedroom, one bathroom, and full kitchen. Apartment B has two bedrooms, one bathroom, a full kitchen and eat-in nook. New Plumbing, New electrical throughout, Freshly painted, New HVAC in the commercial unit, New Window units with heating and cooling in the upstairs apartments. High income generating leases already in place. Located near many restaurants, shops, and the marina. Daytona Beach is in a redevelopment phase, with a new scenic park within walking distance. This area is booming with all the new businesses and remodeling going on. Commercial building, can only be financed with a commercial loan, cash, or private money loan. Owner financing available with 50% down 3/5 year balloon at 7.5% interest rate.

Additional Information

Community Features
No Deed Restriction
Annual Gross
49200
Style
Triplex
Interior
Ninguno
Interior Features
Ninguno
Exterior Construction
Block, Stucco
Exterior
Lighting
Roof
Other
Utilities
Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Garage
On Street
Heating
Central, Other
Cooling
Central Air, Other
Pool Type
No Pool

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of KW REALTY ATLANTIC PARTNERS ST AUGUSTINE. Selling Office: VERANDAH PROPERTIES INC.

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