$4,000,000
3631 S Atlantic Avenue
Daytona Beach Shores, FL 32118
MLS# 1017949
27 beds  |  4210 sqft


3631 S Atlantic Avenue, Daytona Beach Shores, FL 32118
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3631 S Atlantic Avenue, Daytona Beach Shores, FL 32118 3631 S Atlantic Avenue, Daytona Beach Shores, FL 32118 3631 S Atlantic Avenue, Daytona Beach Shores, FL 32118 3631 S Atlantic Avenue, Daytona Beach Shores, FL 32118 3631 S Atlantic Avenue, Daytona Beach Shores, FL 32118 3631 S Atlantic Avenue, Daytona Beach Shores, FL 32118

Property Description
SELLER FINANCING AVAILABLE!! NEWLY RENOVATED with over $1,000,000 in complete building restoration, roofs, and full interior upgrades. This premier oceanfront property offers 150' of OCEANFRONT with unparalleled beach views all within walking distance to Sunglow Pier, Crabby Joes, and Dunlawton. This is a beachfront investor's dream with three direct oceanfront homes (6-bed 4-bath, 4-bed 3.5-bath, 4-bed 2-bath), two-story 4-plex (each studio 1-bath), single level duplex (each 1-bed 1-bath and 1-bed 2-bath), stand alone (2-bed 1-bath) home with 2-car garage, all share an on-site laundry facility and a private walkway allowing access to the beach. INVESTORS...this property has rare T-zoning allowing daily or weekly vacation rentals bringing in $180k NOI in 2016.

Details
Maps
Contract Information
List Price: $4,000,000
List Price/SqFt: 950.12
Current Price: $4,000,000
Location, Tax & Legal
Street #: 3631
Compass: S
Street Name: Atlantic
Street Suffix: Avenue
County: Volusia
State/Province: FL
Zip Code: 32118
Area: 12 - S Dunlawton to N Ponce Inlet
Style: 5+ Units
Tax ID: 6302-05-04-0030
Homestead Exempt: No
General Property Description
Total # Units: 15
Bedrooms: 27
# Parking Spcs: 10
Supra: No
Living Area: 4210
SqFt - Total: 4900
SqFt Source: Other
Year Built: 1970
New Builder Home: No
As Is Cond: Yes
Special Contingency: No
Zoning: Multi-Family
Zoning (Text): T-RMF-1
Subdivision: Not In Subdivision
Property Name: Villas
Financial Pkg: Yes
Maint Fee Paid: N/A
Lot SqFt: 40500
Road Frontage: 150
Depth: 270
Franchise Opt In: No
Status Change Info
Status: Active
Financial Info
Net Operating Income: 180000
Meters
# Electric Meters: 10
# Water Meters: 1
Property Features
Building Type: Apartment Building; Combination; Stand Alone
Construction: Concrete Block; Stucco Cover
Land Type: 1 - 5
Waterfront: Ocean Front; Ocean View
Utilities on Site: 200 Amp
Air Conditioning: Wall/Window Units
Heating: Wall/Window Units
Appliances: Microwave; Range; Refrigerator
Parking: Parking Lot
Outside: Balcony/Decking; Curb/Sidewalks
Financing: OWC - Exchange; OWC - Financing; OWC - Lease Purchase
Sewer: Public Sewer
Supplements
DEVELOPERS...this is the oceanfront property you've been looking for to build the next luxury high-rise condominium in Daytona Beach Shores! Property zoning and size allows for a 65-Unit Hotel or 57 Luxury Condos. Buy the parcel next door (55'X270) located at 3637 S Atlantic Ave for a combined lot size of 205'X270' and build an 87-Unit Hotel or 74-Unit Luxury High-Rise Condo!

Listing Office: Oceans Luxury Realty Full Service LLC

Last Updated: January - 09 - 2018

Listing data provided by the Daytona Beach Area Association of REALTORS®' Internet Data Exchange (IDX) program. Data is believed to be accurate but not warranted.

Friday 19th of January 2018 03:54 AM