$1,095,000
124 Orange Avenue
Daytona Beach, FL 32114
MLS# 1039334
9820 sqft


124 Orange Avenue, Daytona Beach, FL 32114
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124 Orange Avenue, Daytona Beach, FL 32114 124 Orange Avenue, Daytona Beach, FL 32114 124 Orange Avenue, Daytona Beach, FL 32114

Property Description
Income producing mix use property in the beautiful downtown area of Daytona Beach. Located within walking distance to the restaurants, shops, ball park, courthouses, library, marina and more. The property is run as The 42 Unit Bayview Hotel and there are two commercial spaces on the ground floor. There is public parking in the front and rear of the property. This is an established money making property and real opportunity for an investor. The property contains 3 efficiencies, 29 semi share rooms (share toliet or shower), 9 basic rooms, 4 common baths, 1 manager unit, and two washers and dryers. Most occupants are longer term. Ground level is a commercial/ restaurant space, and long established bar, and manager office. The vacant commercial space provides upside potential.

Details
Maps
Contract Information
List Price: $1,095,000
Current Price: $1,095,000
List Price/SqFt: 111.51
As Is Cond: Yes
Location, Tax & Legal
Area: 32 - Daytona Beville to ISB, E of 95
Street #: 124
Street Name: Orange
Street Suffix: Avenue
County: Volusia
State/Province: FL
Zip Code: 32114
Year Built: 1923
Style: Comm-Land & Bldg Incl
Tax ID: 5339-07-02-0090
Homestead Exempt: No
General Property Description
Commercial Property Type: Multi-Family-Commercial
Business Income/Oppty: Multi Family
Commercial Property Name: Bayview
Financial Package: Yes
% Occupancy: 90
Total # Units: 40
# Parking: 3
SqFt - Total: 9820
Living Area: 9820
SqFt Source: Owner
Lot Size: 52x110
Zoning: Multi-Family
Road Frontage: 52
Depth: 110
Special Contingency: No
Road Type: Paved
Current Use: Multi Family/Commerc
Current # Tenant: 36
Ceiling Height: 8
Franchise Opt In: Yes
Status Change Info
Status: Active
Income/Operating Inc
Net Operating Income: 117270
Total Operating Income: 228933
Meters
# Electric Meters: 3
# Gas Meters: 1
# Water Meters: 3
Property Features
Bldg Type/Location: Mixed Use
Access/Transport: 4 Lane
Construction: Concrete Block; Stucco
Air Conditioning: Wall/Window Units
Heating: Mixed
Sewer: Public Sewer
Interior Improvement: Kitchen Facility; Security System; Sprinkler System
Possible Use: Bar/Tavern; General Office; General Retail; Motel/Hotel; Personal Service; Professional; Professional Service; Restaurant
Roof: Built-Up
Ceiling Height: 7 - 10 Feet High
Included in Sale: Building; Fixtures; Furniture; Inventory; Land
Included in Lease: Insurance Exterior; Real Estate Taxes
Special Conditions: None

Listing Office: RE/MAX Signature

Last Updated: March - 05 - 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.

Saturday 21st of July 2018 09:19 AM