205 N WILD OLIVE AVE, DAYTONA BEACH, FL, 32118
$875,000
Residential Income
|
Bedrooms
6
|
Bathrooms
6
|
Living Area
1,995 Sqft
|
Lot Size
6,250 Sqft
|
Explicitly designed for the astute investor and or an owner-occupied for positive cash flow revenue generating property, completely rebuilt and beautifully reimagined, this exceptional multi-unit property at 205 N Wild Olive Ave offers a rare turnkey investment opportunity in the very heart of everything Daytona Beach is world renown for. Located just steps from the sand and directly across from Daytona Lagoon, this property combines modern construction with unbeatable location and features upscale accommodations. This property features upscale accommodations. Unit 205 is approx 1100 sqft and is a 1 story distinctly renovated beach house featuring 2 bedrooms, 2 full sized baths, 1 spare room could be utilized as an office, bonus room or 3rd sleeping quarters, offering a potential 3rd bedroom or office space. The front residence has been taken nearly down to the studs and fully reconstructed into a stunning single-story home featuring 2 bedrooms and 2 bathrooms. Everything is brand new- from the redesigned floor plan and updated siding to the roof, appliances, and finishes--while preserving the charm of the original fireplace. Unit 207 is approx 1300 sqft and is a 2-story brand-new build from the ground up. Behind the main home, a newly constructed two-story building adds two additional units--one upstairs and one downstairs--each offering 2 bedrooms and 2 bathrooms. In total, the property includes three spacious 2/2 units, all thoughtfully designed with modern living in mind. Both buildings were designed and constructed with accentuated attention to the smallest details. All New plumbing & electric, Interior walls insulated, above code required measures for adverse weather conditions. Residents will appreciate the convenience of a separate outdoor laundry building with a large washer/dryer area, as well as proximity to everything Daytona Beach has to offer. Located within walking distance to the Ocean Center and near Peabody Auditorium, plus just minutes from the river, beaches, shopping, dining, and vibrant nightlife. Exceptional Cap rates Above 7 percent utilizing all rentable space, above 4 percent as an owner-occupied situation. In either scenario, the new owner will enjoy a safe & reliable R.O.I. Whether you're looking to expand your portfolio or secure a high-demand rental property in a prime coastal location, this fully renovated triplex is a standout opportunity.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRNS1088052 | Year Built: | 1947 | |
| Appliances: | Disposal, Dryer, Range, Refrigerator, Tankless Water Heater, Washer | Construction Materials: | Cement Siding | |
| Cooling: | Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Volusia | Exterior Features: | Outbuildings | |
| Fireplace Features: | Living Room, Wood Burning | Flooring: | Luxury Vinyl | |
| Foundation Details: | Crawlspace | Furnished: | Unfurnished | |
| Heating: | Ductless | Laundry Features: | Common Area, Laundry Room, Outside | |
| Levels: | Two | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional, FHA, VA Loan | Lot Features: | City Limits, Near Public Transit, Paved | |
| Occupant Type: | Vacant | Other Structures: | Outbuilding | |
| Parking Features: | Common, Driveway, On Street | Patio And Porch Features: | Front Porch, Rear Porch | |
| Possession: | Close Of Escrow | Property Condition: | Completed | |
| Property Sub Type: | Triplex | Property Type: | Residential Income | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Supra Lock Box, Appointment Only, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Electricity Connected, Sewer Connected, Water Connected | |
| Water Source: | Public | |||
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