$1,820,000
Holly Hill, FL 32117
MLS# 1122957
7392 sqft
1 / 29
Property Description
Welcome to this exceptional investment opportunity! This listing comprises 28 condotels located in a prime area with convenient access to public transportation. With high occupancy rates, these units offer a reliable and steady income stream, making them ideal for both short-term and extended stays. Each condotel includes a kitchenette equipped with a refrigerator and stove.The complex also features an in-ground community pool, perfect for relaxation and outdoor enjoyment.This investment package can be divided into units of 10, providing flexibility in purchasing.You can also choose to live in one of the condotels and rent out the rest, making it an even more affordable option.The HOA fee is $265 per unit and covers a comprehensive list of amenities,
Details
Maps
Contract Information
Listing Date: 2024-04-30
List Price: $1,820,000
List Price/SqFt: 246.21
List Price/Acre: 574132.49
Current Price: $1,820,000
Sellers Preferred Escrow Agent: Amber @ Clear Choice Title
Location, Tax & Legal
Street #: 1202
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State/Province: FL
Zip Code: 32117
Area: 41 - LPGA to Granada, E of Nova
Style: 5+ Units
Tax ID: 4242-88-00-1040
Homestead Exempt: No
Directions: North on US 1 from LPGA about a mile on your left.
General Property Description
Number of Units: 28
Supra: No
Living Area: 7392
SqFt - Total: 7392
SqFt Source: Property Appraiser
A/V Surveillance: Yes
Acreage: 3.17
Year Built: 1984
As Is Cond: Yes
Special Contingency: No
Subdivision: Not On The List
Property Name: Mapleleaf Gardens Condo Motel
Maint Fee: 265
Maint Fee Paid: Monthly
Franchise Opt In: Yes
Status Change Info
Status: Active
Property Features
Building Type: Apartment Building; Other
Air Conditioning: Wall/Window Units
Heating: Wall/Window Units
Appliances: Range; Refrigerator
Parking: Off Street
Pool: Inground Community
Inside: Common Laundry; Smoke Detector
Outside: Public Bus
Special Conditions: None
Supplements
including water, electricity, gas, internet, cable, lawn care, pool care, and pest control.Whether you're an experienced investor or new to real estate, this listing represents a rare opportunity to acquire a profitable asset with proven success in a thriving location. Contact us today for more information and to schedule a viewing. All information is intended to be accurate but cannot be guaranteed. Buyer to verify.
Listing Office: LPT Realty, LLC
Last Updated: May - 13 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.
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