516 Phoenix Avenue, DAYTONA BEACH, FL 32118
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Priced at Only: $650,000
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Address: 516 Phoenix Avenue, DAYTONA BEACH, FL 32118
Property Location and Similar Properties
- MLS#: O6296060 ( Residential Income )
- Street Address: 516 Phoenix Avenue
- Viewed: 21
- Price: $650,000
- Price sqft: $225
- Waterfront: No
- Year Built: 1935
- Bldg sqft: 2888
- Bedrooms: 7
- Total Baths: 6
- Days On Market: 56
- Additional Information
- Geolocation: 29.2133 / -81.0029
- County: VOLUSIA
- City: DAYTONA BEACH
- Zipcode: 32118
- Subdivision: Carew
- Provided by: EMPIRE NETWORK REALTY
- Contact: Elayne Conrique
- 407-440-3798
- DMCA Notice
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DescriptionIncome Producing 6 Unit Apartment Building Just Steps from Daytona Beach! Prime Location Walk to Ocean, Bridge & Boardwalk | $8,100 Potential Monthly Income | Cash Buyers Only | This is your opportunity to own a rarely available 6 unit multifamily property in a prime coastal location less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Key Features: Location, Location, Location: Unbeatable Location: Less than a block from Daytona Beach 1 block from the newly built Veterans Memorial Bridge (Orange Ave Bridge) 1 mile from the famous Daytona Beach Boardwalk Enjoy the beach and breathtaking ocean views just steps away This is your opportunity to own a rarely available 6 unit multifamily property in a prime coastal location less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Property Highlights: 6 Units | 9 Beds | 6 Baths 5 of 6 units currently rented Coin operated shared laundry on site Mixed unit types including: o One 2 Bed / 1 Bath with full layout o Two 2 Bed / 1 Bath units with two entrances (no living rooms ideal for roommates or flexible rentals) o Two studio units o One 1 Bed / 1 Bath unit ?? Financial Overview: Gross potential monthly income: $8,100 Tenants pay their own electric No landlord cost for trash or common electricity Owner pays approx. $350/month for water & gas (shared hot water heater) ??? Condition & Opportunity: Two units fully renovated Four units need updating Property has its own parking lot with 8 spaces Property was tented in 2020 for termites New roof needed (no current leaks) Ideal for investors or contractors priced with improvements in mind Cash buyers only due to condition Location Perks: Less than 1 block to Daytona Beach 1 block from Veterans Memorial Bridge 1 mile to Daytona Beach Boardwalk Ocean views just a minute's walk away Don't miss this excellent chance to invest in an appreciating coastal market with huge upside potential!
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- Principal & Interest -
- Property Tax $
- Home Insurance $
- HOA Fees $
- Monthly -
Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Other
- Living Area: 2888.00
- Roof: Shingle
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Ductless
- Heating: Electric
- Sewer: Public Sewer
- Utilities: Electricity Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2024
Other Features
- Country: US
- Interior Features: Ceiling Fans(s)
- Legal Description: E 10 FT OF LOT 17 & LOT 18 & W 5.5 FT OF LOT 19 CAREW SUB IN HUSTONS DAYTONA BCH MB 8 PGS 145-146 INC PER OR 4603 PG 4788 PER OR 5543 PG 4055 PER OR 5781 PGS 2385-2386 PER OR 6847 PG 0230 PER OR 6880 PG 0781 PER OR 7687 PG 3234 PER OR 8595 PG 1418
- Levels: Two
- Area Major: 32118 - Daytona Beach/Holly Hill
- Parcel Number: 5309-16-00-0180
- Views: 21
- Zoning Code: 0800-MFR
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