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$249,000

Est. payment - /mo

2 Beds

2 Baths

1,852 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,852 sqft

Price per Sqft $134

MLS Listing ID 1228712

Bedrooms 2

Full Baths 2

Year Built 1960

Annual Tax Amount $3,430

Acres 0.22

Property Sub-Type Duplex

Source Daytona Beach Area Association of REALTORS®

Property Description

Investment opportunity in Holly Hill! This well-maintained duplex is located on a quiet dead-end street surrounded by well-kept homes and features two fully occupied 1-bedroom, 1-bathroom units, providing immediate rental income. Each unit offers energy-efficient mini-split HVAC systems, and the roof was replaced in late 2023, reducing future maintenance concerns. Priced at $249,000, the property has projected long-term rental income of approximately $2,100 per month. Based on current operating assumptions, it offers an estimated annual net operating income (NOI) of $19,017 and an estimated 7.64 cap rate. This low-maintenance, income-producing property is an excellent opportunity for investors looking to expand their portfolio or enter the multifamily market with a stable, updated asset in a desirable Holly Hill location.

Location

State FL

County Volusia

Area 35 - Mason To Lpga E Of 95

Direction From Nova Road, head north to 8th Street and turn right. Continue to Narcissus Avenue and turn left.

Region Daytona Beach

City Region Daytona Beach

Interior

Heating Other

Cooling Split System, Wall/Window Unit(s)

Heat Source Other

Exterior

Parking Features Carport

Utilities Available Cable Available, Electricity Connected, Water Connected

View Y/N No

Garage No

Building

Lot Description Many Trees

Story 1

Water Public

New Construction No

Others

Tax ID 523718010200

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Jean Ivis • Realty Pros Assured

NEARBY SCHOOL & BUSINESS

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Rick Brown

Agent | SLSL3322205

+1(321) 348-8720

820 Narcissus AVE Daytona Beach, FL 32117