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Key Details
Sold Price $170,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,268 sqft
Price per Sqft $74
Subdivision Inwood New Smyrna
MLS Listing ID R4900464
Sold Date 01/25/19
Construction Status Appraisal
HOA Y/N No
Year Built 1945
Annual Tax Amount $2,403
Lot Size 0.570 Acres
Acres 0.57
Lot Dimensions 125X200
Property Description
Investors ALERT! Recently renovated and ready for the finishing touches, with remodeled kitchens, bathrooms, and living rooms. This triplex would generate a massive 16% return on investment based on market rents for the area! The options with this property are endless, the lot is sub-dividable meaning you can build an additional building behind the existing structure to generate a higher return. And being a property with less than 4 units, an owner occupant can purchase this property with as little as 3.5% down, live in it for a year, rent out the other two units, and cover the mortgage while living for free! Located off of busy US1 and less than 5 minutes from the beach, you won't find much trouble leasing the property, you also have the option of utilizing our property management services where we average less than 20 days to lease properties, record time! The options with this property are limitless, don't wait out on this deal, with property prices quickly rising in Volusia county, you won't be able to find a deal generating this kind of return for much longer. Call us today for a showing!
Location
State FL
County Volusia
Community Inwood New Smyrna
Zoning 01R4
Interior
Heating Electric
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Balcony, Rain Gutters, Storage
Utilities Available Electricity Available, Electricity Connected, Water - Multiple Meters
Garage false
Private Pool No
Building
Lot Size Range 1/2 Acre to 1 Acre
Sewer Septic Tank
Water Public
Structure Type Block
New Construction false
Construction Status Appraisal
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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Bought with GTL PROPERTY MANAGEMENT & SALESÁ