$300,000
$320,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
2,900 SqFt
SOLD DATE : 07/01/2021
Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $103
Subdivision Not In Subdivision
MLS Listing ID 1081040
Sold Date 07/01/21
Bedrooms 6
Originating Board Daytona Beach Area Association of REALTORS®
Year Built 1903
Annual Tax Amount $1,635
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!
Location
State FL
County Volusia
Community Not In Subdivision
Direction Go West on ISB from US-1; Turn Left on Marion St.; Turn Right on Magnolia Ave.
Interior
Cooling Wall/Window Unit(s)
Exterior
Exterior Feature Balcony
Parking Features Guest, Off Street, RV Access/Parking
Roof Type Shingle
Building
Water Public
Structure Type Stucco
Others
Senior Community No
Tax ID 5339-01-23-0060
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