555 W GRANADA BLVD #B7, ORMOND BEACH, FL, 32174
$139,000
Residential Income
Living Area
784 Sqft
Lot Size
785 Sqft
Income-producing executive office condominium with immediate cash flow and value-add potential! Renovated 784 SF office condo featuring three private suites, reception/waiting area, kitchenette, private restroom, keypad entry, and ample common parking. Two suites are leased with an existing shared occupancy arrangement generating additional rental income. Pursuant to the current lease, the shared tenant has the option to lease the entire suite at a higher rental rate upon transfer of ownership, providing built-in upside. Current gross annual income is approximately $22,880 with potential gross income of approximately $31,720 when fully leased. HOA includes roof, exterior maintenance, landscaping, parking, water, sewer, trash, and building insurance. Excellent Granada Blvd. location with approximately 35,000 AADT. Ideal investment or owner-user opportunity for medical, wellness, counseling, legal, insurance, accounting, or professional office use.
Property Details
Property Features Property Features
MLS ID: MFRV4950463 Year Built: 1988
Community Features: Sidewalks Construction Materials: Brick
Cooling: Central Air Country: US
County Or Parish: Volusia Exterior Features: None
Financial Data Source: Owner Flooring: Luxury Vinyl
Foundation Details: Slab Heating: Central
Laundry Features: None Lease Term: Twelve Months
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, Owner Financing
Occupant Type: Tenant Other Equipment: None
Parking Features: Common Pets Allowed: No
Possession: Close Of Escrow Property Condition: Completed
Property Sub Type: Quadruplex Property Type: Residential Income
Road Surface Type: Asphalt Roof: Shingle
Sewer: Public Sewer Showing Requirements: Call Listing Agent, Key/Agent, No Lockbox
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Underground Utilities, Water Connected
Water Source: Public
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