Real Estate Companies Venice, FL

Turn-Key 1031 Exchange Opportunity in Historic Downtown New Smyrna Beach! Or perhaps you're looking for a charming downtown residence with an income-producing cottage? Rare opportunity to acquire a fully leased multifamily property located in the highly desirable B&B District of Historic Downtown New Smyrna Beach, also within the Historic and Arts Overlay Districts. Whether you're seeking a turn-key investment, a 1031 Exchange property, or a future owner-occupied residence with rental income, this unique property offers exceptional flexibility and long-term value. Ideally situated just a short walk from Canal Street's popular shops, restaurants, art galleries, breweries, and year-round entertainment, this property offers the walkable downtown lifestyle that tenants love and that continues to drive strong rental demand. The property features a charming two-story main residence with two separate apartments, plus a detached cottage: Lower Unit: Spacious 2-bedroom, 1-bath apartment featuring a fireplace and private laundry. Upper Unit: 1-bedroom, 1-bath apartment with a private rear entrance and its own laundry facilities Approximately 800 square feet with loft, private laundry, and excellent rental flexibility. All three units are currently occupied by long-term tenants, providing immediate, stable cash flow from day one. Current gross rental income is approximately $63,000 annually. Property Highlights, Three fully leased residential rental units, Multi-family zoning Located within the Historic and Arts Overlay District, Prime Downtown New Smyrna Beach location Easy walk to Canal Street shopping, dining, galleries, and entertainment Main residence roof approximately 8 years old, Detached cottage roof replaced in 2026 Strong long-term rental history with excellent tenant demand Owner currently pays all utilities, including electric, water, natural gas for the water heaters, and the gas range, as the property is serviced by one electric meter and one water meter. With an estimated 6.5 capitalization rate, this property presents an outstanding opportunity for investors seeking dependable income, excellent location, and long-term appreciation potential. Properties like this—fully leased, income-producing multifamily investments in Historic Downtown New Smyrna Beach—rarely become available. Schedule your private showing today.

Property Details

Property Features
MLS ID:	MFRNS1088689	Year Built:	1913
Appliances:	Dishwasher, Dryer, Electric Water Heater, Gas Water Heater, Microwave, Refrigerator, Washer	Architectural Style:	Cottage
Construction Materials:	Frame	Cooling:	Central Air
Country:	US	County Or Parish:	Volusia
Direction Faces:	West	Exterior Features:	Courtyard, Private Mailbox, Sidewalk
Fireplace Features:	Decorative, Living Room	Flooring:	Tile, Wood
Foundation Details:	Crawlspace	Furnished:	Unfurnished
Heating:	Central, Electric	Laundry Features:	Common Area, Inside
Levels:	Multi/Split	Listing Agreement:	Exclusive Right To Sell
Listing Terms:	Cash, Conventional, Trade	Lot Features:	Historic District, City Limits, Landscaped, Near Marina, Sidewalk
Occupant Type:	Tenant	Other Structures:	Other
Parking Features:	Curb Parking, Driveway, Off Street	Patio And Porch Features:	Front Porch, Screened
Pets Allowed:	Cats OK, Dogs OK	Possession:	Close Of Escrow
Property Condition:	Completed	Property Sub Type:	Single Family Residence
Property Type:	Residential	Road Responsibility:	Public Maintained Road
Road Surface Type:	Asphalt	Roof:	Shingle
Sewer:	Public Sewer	Showing Requirements:	Appointment Only, Call Listing Agent
Special Listing Conditions:	None	Standard Status:	Active
State Or Province:	FL	Utilities:	Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Vegetation:	Mature Landscaping, Oak Trees	View:	Garden, Trees/Woods
Water Source:	Public	Window Features:	Window Treatments

Rooms
Primary Bedroom:	12x12 ft	Primary Bathroom:	7x5 ft
Living Room:	16x13 ft	Dining Room:	12x12 ft
Kitchen:	12x8 ft

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