$240,000
700 Madison Avenue
Daytona Beach, FL 32114
MLS# 1036918
8 beds  |  4214 sqft


700 Madison Avenue, Daytona Beach, FL 32114
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700 Madison Avenue, Daytona Beach, FL 32114 700 Madison Avenue, Daytona Beach, FL 32114 Beautiful tree-lined street 700 Madison Avenue, Daytona Beach, FL 32114 700 Madison Avenue, Daytona Beach, FL 32114 700 Madison Avenue, Daytona Beach, FL 32114 700 Madison Avenue, Daytona Beach, FL 32114 700 Madison Avenue, Daytona Beach, FL 32114 Back Entrance Unit 5 - Florida Sun Room Sun Room Bedroom 1 Bedroom 1 Hallway Living Room Bath 700 Madison Avenue, Daytona Beach, FL 32114 700 Madison Avenue, Daytona Beach, FL 32114 Spacious open Kitchen Half Bath 700 Madison Avenue, Daytona Beach, FL 32114 700 Madison Avenue, Daytona Beach, FL 32114 Kitchen Bedroom 2 Good sized closet

Property Description
This concrete block 5 unit building is a Hidden GEM of investment on quiet cul-de-sac with ''park like'' setting. Solid 9% CAP rate and! Units under-rented and even greater returns are possible. All repairs necessary to conform to Code have been made. Its ready to GO! Current licenses in place, tenants on leases, professionally managed. Some of the units are quite spacious. Plenty of parking. This property is a MONEY MAKER!

Details
Maps
Contract Information
List Price: $240,000
List Price/SqFt: 56.95
Current Price: $240,000
Location, Tax & Legal
Street #: 700
Street Name: Madison
Street Suffix: Avenue
County: Volusia
State/Province: FL
Zip Code: 32114
Area: 35 - Mason to LPGA E of 95
Style: 5+ Units
Tax ID: 5338-61-00-0150
Homestead Exempt: No
General Property Description
Total # Units: 5
Bedrooms: 8
# Parking Spcs: 10
Supra: No
Living Area: 4214
SqFt - Total: 4349
SqFt Source: Property Appraiser
Year Built: 1947
As Is Cond: Yes
Special Contingency: No
Zoning: Multi-Family
Subdivision: Kingston
Financial Pkg: Yes
Maint Fee Paid: N/A
Lot SqFt: Irreg
Road Frontage: 40
Depth: 165
Franchise Opt In: Yes
Status Change Info
Status: Active
Financial Info
Gross Monthly Rent: 3030
Gross Income: 36360
Meters
# Electric Meters: 5
# Water Meters: 1
Property Features
Building Type: Apartment Building
Construction: Concrete Block; Stucco Cover
Land Type: Cul-De-Sac
Air Conditioning: Wall/Window Units; Water to Air
Appliances: Range; Refrigerator
Parking: Off Street; Parking Lot
Inside: Ceiling Fans; Eat-in Kitchen
Tenant Pays: Electric
Owner Pays: Electric; Insurance Exterior; Lawn Care; Maintenance Exterior; Real Estate Taxes; Trash Removal; Water
Docs & Discl: Flood Zone; Presentation Package
Sewer: Public Sewer
Special Conditions: None

Listing Office: RE/MAX Flagstaff Realty Corp

Last Updated: May - 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.

Sunday 27th of May 2018 02:18 PM