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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Lot size
0.74 acres
The property is ideally located less than 10 minutes from the beach and in close proximity to major thoroughfares including I-95 and Hwy A1A. It’s also near Daytona Beach International Airport, Daytona State College, Bethune-Cookman University, and top-rated schools such as Spruce Creek High and Tomoka Elementary. This offering presents a significant opportunity to develop a new rental property with strong income potential ( 7.5% cap rate) in a desirable, well-connected location. The owner is including the architectural concept design approved by the authorities. PROPOSED PROJECT TO BE DONE IN THE LAND: 8 APARTMENTS FEASIBILITY ANALYSIS: 8 apartments, Area per unit: 754 sqft, Total area of construction: 6,032 sqft, Cost per each sqft: $150 A 13.12% capitalization rate (cap rate) on a proposed project to be done in the land Available upon request. PRICE NEGOTIABLE
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.74
-
Property Type
Land
Price
-
Sales Price
$215,000
-
Tax Amount
$1,024
-
Financing Options
Cash, Conventional, Owner May Carry
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Tax Lot
0120
-
Water Source
Public
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Location
County
Volusia
Elementary School
Middle School
High School
Listing Courtesy of Sagrario Garcia, SFRMC Realty
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Managing Broker & Founder
Jarrod Gaylis
Call Jarrod today to schedule a private showing.
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