1050 Wayne Avenue

NEW SMYRNA BEACH, FL 32168

About this property

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 the new tenants and RE-leases are 1295/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) value add position! All of these items are NEW: Roofs, Windows, Sliding Doors, Siding, Paint in and out, Bath and Kitchen cabinets, Granite counter tops, Appliances, 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 95% full. Take over now and raise the rents higher on new incoming tenants.

Date Listed
March 12, 2019
Listing Status
Active
Days On Site
323
MLS#
O5769726

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
MultiFamily
Style
Sub-Type
Resale
Year
1980
Garage
0
Pool
No
Story(s)
Property View
Yes
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$5,700,000 Active
0 Beds
0 Baths
40,538 SQFT

Presented By Coldwell Banker Coast Realty

Get in touch today! Phone: (877) 748-7355
Brokerage
Port Orange
(386) 275-1000
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Area Information

32168 - New Smyrna Beach | Volusia County |

$ 5,700,000
This listing is play_arrow 1733.1% higher than the average in the area
$ 310,950 in the area
40,538 SqFt
This listing is play_arrow 1772.4% larger than the average in the area
2,165 SqFt in the area
$ 141 $/SqFt
This listing is play_arrow 2.1% less than the average in the area
$ 144 $/SqFt in the area
323 days on site
This listing is play_arrow 127.5% above the average in the area
142 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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