610-612 / 614-616 WARN REE CIR, NEW SMYRNA BEACH, FL, 32168
$785,000
Residential Income
|
Bedrooms
8
|
Bathrooms
8
|
Living Area
4,112 Sqft
|
Lot Size
57,332 Sqft
|
Great news! This income-producing property is back on the market after the previous buyer's financing falling through. An official appraisal confirmed the home’s value exceeds our list price, making this an exceptional opportunity. The motivated sellers are eager to find a serious buyer. Presenting a unique property opportunity in the heart of New Smyrna Beach, a community celebrated for its beautiful shoreline and vibrant marketplace. Located just steps from the bustling Canal Street and offering picturesque views of the Intercoastal and Beach, this 4-plex embodies the essence of accessible coastal living.
The property comprises two buildings with 1,056 square feet per unit, each offering comfortable and convenient living spaces. With four income-generating units and a proven track record as a successful Airbnb rental, this property provides a reliable source of income.
New Smyrna Beach boasts a diverse and skilled workforce, with professionals in fields such as engineering, IT, healthcare, and finance, contributing to a thriving local economy. Spanning both mainland and beachside areas, the property offers the advantages of urban accessibility and the tranquility of coastal living.
With a cap rate exceeding 8%, this 4-plex presents a compelling investment opportunity in today's market. Whether you're seeking a profitable addition to your portfolio or a serene coastal retreat, this property offers both financial rewards and an enviable lifestyle in the sought-after New Smyrna Beach area.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRT3552678 | Year Built: | 1991 | |
| Appliances: | Cooktop, Disposal, Microwave, Other, Range Hood, Refrigerator | Construction Materials: | Block, Other, Wood Siding | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Volusia | Exterior Features: | Balcony, Lighting, Other | |
| Financial Data Source: | Broker, Owner | Flooring: | Luxury Vinyl | |
| Foundation Details: | Slab | Furnished: | Unfurnished | |
| Heating: | Central | Laundry Features: | Inside | |
| Lease Term: | 6-12 Month | Levels: | Two | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, FHA, Other, VA Loan | |
| Lot Features: | Cul-De-Sac | Parking Features: | Driveway, Off Street, On Street | |
| Patio And Porch Features: | Deck, Front Porch, Other | Pets Allowed: | Yes | |
| Property Sub Type: | Duplex | Property Type: | Residential Income | |
| Road Responsibility: | Private Maintained Road | Road Surface Type: | Asphalt | |
| Roof: | Shingle | Sewer: | Public Sewer | |
| Showing Requirements: | Appointment Only, ShowingTime | Spa Features: | Other | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity, Water | |
| Utilities: | BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Other, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected | View: | Trees/Woods | |
| Water Source: | Public | Window Features: | Window Treatments | |
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