3112 S Atlantic Ave - Apartments FOR SALE


Daytona Beach Shores, FL 32118
$1,250,000 USD
561-817-4464
3112 S Atlantic Ave, Daytona Beach Shores, FL for Sale
$1,250,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

3112 S Atlantic Ave
Daytona Beach Shores, FL 32118


OVERVIEW

One office (Unit A) 3 residential units TURN-KEY READY, THREE INCOME-GENERATING RENTAL UNITS & OFFICE SPACE FOR SALE! Nestled in the enchanting heart of Daytona Beach Shores, this GC1 - non-conforming residential gem has been meticulously transformed in 2023, with every detail lovingly curated. Both buildings have undergone a thorough rejuvenation from the ground up, showcasing new electrical systems, plumbing, flooring, paint, fixtures, cabinets, kitchens, and bathrooms. This income producer property boasts approximately 631 sq ft of office space, ideal for a myriad of business ventures or easily convertible into a fourth rental haven. Currently, it features three short-term income-generating residential rental units: two charming 2-bedroom, 1-bath units, and one delightful 1-bedroom, 1-bath unit, all beautifully renovated. The backyard has been reimagined into a stylish retreat for relaxation, complete with a cozy fireplace where guests can unwind and bask in the splendor of stunning sunsets. Daytona Beach Shores, a jewel in Volusia County, Florida, is celebrated for its vibrant business and tourism landscape. This property, zoned GC1 and GC2, unlocks limitless possibilities to amplify its commercial tourism potential! Just a stone's throw away, you'll discover a delightful array of shops, Publix grocery stores, restaurants, businesses, pristine beaches, entertainment venues, and parks. Noteworthy attractions include McElroy Park, where visitors can engage in open gym exercises, play pickleball, enjoy the dog park, or simply enjoy the park’s captivating surroundings. Moreover, the property is a short drive from the famous Daytona International Speedway, Convention Center, ballpark, and the awe-inspiring new $30 million Riverfront Esplanade, which gracefully stretches along a mile of Intracoastal waterway and is revered as a premier gathering space and botanical haven. This vibrant community brims with endless opportunities for both residents and visitors, making it an exceptional investment treasure.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$543 USD /SF

# OF UNITS

3

PRICE/UNIT

$416,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,171 SF

ZONING

GC

APN/PARCEL ID

5334-02-09-0070

ASK ABOUT THIS PROPERTY

Sheree SmithSERHANT. CommercialMore Info
561-817-4464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sheree SmithSERHANT. CommercialMore Info
561-817-4464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.