$550,000
$545,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3 Baths
2,268 SqFt
SOLD DATE : 04/26/2024
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,268 sqft
Price per Sqft $242
Subdivision Inwood New Smyrna
MLS Listing ID O6172497
Sold Date 04/26/24
Bedrooms 6
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1945
Annual Tax Amount $6,951
Lot Size 0.570 Acres
Acres 0.57
Lot Dimensions 125x200
Property Description
BACK ON THE MARKET. BUYERS NOT ABLE TO CLOSE. PRICE UNDER APPRAISED VALUE. Calling all investors! 7% cap rate in this market with room to get to 8% soon! Updated concrete block triplex on over a half acre in New Smyrna Beach. 2021 Roof, freshly painted interior and exterior, updated plumbing and electric. Upgrades - granite, stainless steel appliances, gutters, flooring, fixtures, new mini split in unit 3, etc. This property has three units. The one bedroom, updated, has tile floor, and the two bedroom, updated with LVP floor, brand new kitchen, bath, fixtures, etc are on the first floor. The three bedroom with laminate, granite, spacious bedrooms, etc is on the second floor. The second floor unit has a private wrap around deck. Units 2 and 3 have their own laundry rooms. The upper unit pays all their own utilities, and the lower units utilities are paid by owner. Bills and documentation are available. The back of the oversized lot can be used for a future dwelling unit up to 1130 square feet. 4 rents from 1 property! Don't miss this amazing opportunity!
Location
State FL
County Volusia
Community Inwood New Smyrna
Zoning 01R4
Interior
Interior Features Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Stone Counters
Heating Central, Other
Cooling Central Air, Other
Fireplace false
Laundry Laundry Room
Exterior
Exterior Feature Balcony, Private Mailbox
Utilities Available Public
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Corner Lot
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Schools
Elementary Schools Read Pattillo Elem
Middle Schools New Smyrna Beach Middl
High Schools New Smyrna Beach High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition None
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