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    550 Magnolia Avenue

    Daytona Beach, FL 32114
    • $320,000
    • STATUS: Active Under Contract
    • ON SITE: 111 days
    • MLS #: 1081040
    Under Contract
    UPDATED: 24 min ago
    $320,000
    • 6
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,201
      SQFT
    • $100
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1903
    County:

    School Ratings & Info

    Description

    Looking for a CASH FLOW opportunity? Incredible long term rental investment and/or set up for an extended family. Sale includes the vacant lot (Parcel ID #533923010060) next to 550/552 Magnolia to make for a huge oversized lot that covers half an acre! Legal Rental License currently in place! Over $5,500 in Monthly Income! 550 Magnolia Ave. - the front structure on site features roof updates done in 2019. The 1st Floor of 550 Magnolia consists of tile flooring, 3 bedrooms, 2 bathrooms, 2 kitchenettes, and 2 living rooms; the 2nd Floor features luxury vinyl flooring, 3 bedrooms, 2 full bathrooms, 1 half bath, 2 kitchenettes, and 2 living rooms! 552 Magnolia - the second structure on site features tile flooring, 2 bedrooms, a full bathroom, a full kitchen, and living room! ... Continued ...Centrally located just a few minutes from the Atlantic Ocean, One Daytona, the Daytona Speedway, Daytona State College, Embry-Riddle Aeronautical University, Tanger Shopping Outlet, restaurants, and entertainment! This exceptional cash flowing opportunity will not last long!

    Monthly Payment Calculator



    © 2021 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NextHome At The Beach II. Data last updated: 2021-06-18T10:24:14.61.
    www.yournexthomeatthebeach.com/homes/114569614
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    550 Magnolia Avenue Daytona Beach, FL 32114

    • Price: $320,000
    • Status: Active Under Contract
    • Updated: 24 min ago
    • MLS #: 1081040
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    3,201
    SQFT
    $100
    $/SQFT
    1903
    Built
    Neighborhood:
    Not In Subdivision
    County:
    Volusia
    Area:
    Daytona Beville to ISB, E of 95
    Property Description
    Looking for a CASH FLOW opportunity? Incredible long term rental investment and/or set up for an extended family. Sale includes the vacant lot (Parcel ID #533923010060) next to 550/552 Magnolia to make for a huge oversized lot that covers half an acre! Legal Rental License currently in place! Over $5,500 in Monthly Income! 550 Magnolia Ave. - the front structure on site features roof updates done in 2019. The 1st Floor of 550 Magnolia consists of tile flooring, 3 bedrooms, 2 bathrooms, 2 kitchenettes, and 2 living rooms; the 2nd Floor features luxury vinyl flooring, 3 bedrooms, 2 full bathrooms, 1 half bath, 2 kitchenettes, and 2 living rooms! 552 Magnolia - the second structure on site features tile flooring, 2 bedrooms, a full bathroom, a full kitchen, and living room! ... Continued ...Centrally located just a few minutes from the Atlantic Ocean, One Daytona, the Daytona Speedway, Daytona State College, Embry-Riddle Aeronautical University, Tanger Shopping Outlet, restaurants, and entertainment! This exceptional cash flowing opportunity will not last long!
    Exterior Features

    Building Type Apartment BuildingCombination Construction Stucco Cover Outside Balcony/DeckingCurb/SidewalksFenced YardOutbuildingRv/Boat Parking Parking GuestOff Street Road Frontage 150 Roof Composition Shingle

    Interior Features

    Air Conditioning Wall/Window Units Appliances RangeRefrigerator Inside Ceiling FansSmoke Detector Sq Ft Total 2900.00

    Property Features

    As Is Condition Yes Depth 301 Electric Meters 2 Financial Package Yes Franchise Opt In Yes Gross Monthly Rent 5703.00 Homestead Exempt No Maint Fee 0.00 Maint Fee Paid N/A Owner Pays ElectricInsurance ExteriorReal Estate TaxesWater Sewer Public Sewer Special Conditions None Sq Ft Source Property Appraiser Style Triplex Tax Year 2020 Taxes 1635.00 Total Annual Rent 68436.00 Water City Water Meters 1 Zoning Multi-Family

    Listing courtesy of Mike Bretzel of Keller Williams Realty Florida Partners.


    © 2021 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NextHome At The Beach II. Data last updated: 2021-06-18T10:24:14.61.
     
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