$5,700,000

1050 Wayne Avenue

NEW SMYRNA BEACH FL, 32168

Description

Across the street from the New Smyrna Beach Golf Course - Property was just recently fully renovated top to bottom 37 units -24 units 2 bed 1 bath apartments (rent is $1095/m) and 13 units 3 bed 2 bath town-homes (rent is $1195/m) Tenants pay an additional $125/m for water/sewer/cable/internet. Each 2/1 is approximately 1012 sq ft each and Each 3/2 is approximately 1250 sq ft each with a total of 40,538 total sq ft. Approximately 4.13 acres of land with 61 parking spaces for 6 buildings and an Extra Building pad to build a new building (8 units). All of these items are NEW: Roofs, Windows, Sliding Doors, Siding, Paint in and out, Bath and Kitchen cabinets, Granite counter tops, Stainless steel, Faucets, Carpet (upstairs), Vinyl (upstairs wet areas), Tile (downstairs), Sinks, Shower Valves, Common lighting, Repaved Parking Lot, Retention pond pump, Gutters, and Blinds. Most AC units new, Most new hot water heaters, Washer Dryer hookup in each unit. Recently new Certificate of Occupancy, Recently inspected by Fire Department and Building Officials. Units are filling up with more tenants every month and the property is over 86% full. Take over now and raise the rents higher on new incoming tenants.

Details

MLS#O5769726
Sub-TypeResale
StatusActive
Year1980
Days On Site220

Features

SQ Feet40,538
Units37
Building(s)6
Property ViewYes

Loading Form

Loading Form

Area Information

StateFL
CountyVolusia
CityNEW SMYRNA BEACH
Zip Code32168
Area32168 - New Smyrna Beach
Listing VS Median (in 32168)
Price:
$5,700,000
low | high
Med:
$299,999
100% of Average
SqFt:
40,538
low | high
Med:
2,068
100% of Average
$ / SqFt:
$141
low | high
Med:
$145
46.829214920764% of Average
On Site:
220
low | high
Med:
35
100% of Average
Listing Updated: 10/18/2019
MLS Number: O5769726
Listing Provided By:
Matt Merdian  of  EMPIRE NETWORK REALTY

MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Real Estate Links Our Domains