547 Division ST Pending Save Request In-Person Tour Request Virtual Tour
Daytona Beach,FL 32114
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 1,066 sqft
Price per Sqft $93
Subdivision Conrad
MLS Listing ID 1201964
Style Ranch
Bedrooms 3
Full Baths 2
Originating Board Daytona Beach Area Association of REALTORS®
Year Built 1929
Annual Tax Amount $1,077
Lot Size 4,926 Sqft
Lot Dimensions 0.11
Property Description
Investor Alert! Consider this fix-and-flip or fix-and-hold opportunity, yielding 2,052/month as per HUD (Section 8) for a single-family residence. With Section 8, expect a 15 percent annual increase in rental income. A three-bedroom, two-bathroom house in Daytona Beach presents an excellent rehab prospect. Offered at 93.81/sq ft, the property's estimated ARV post-renovation stands at 225,000. It requires a new roof (see attached estimate) and has an encroachment issue (see attached survey). Estimated repairs are 40,000, with a total investment of 140,000, leading to 85,000 of instant equity. Terms are cash only, and the encroachment will remain. Anticipate a 10 cap rate on your investment or opt for refinancing and cash out. A single-family home in Daytona Beach offers a 10 cap rate with a sales price of only 100. You have the option to fix and hold or fix and flip, potentially realizing an immediate equity of 85.
Location
State FL
County Volusia
Community Conrad
Direction From International Drive head towards Martin Luther King Jr. Blvd to turn right or south, then turn left onto Cedar ST then turn left onto Division St and the home is on your right, second house in from the corner.
Interior
Heating Central,Electric,None
Cooling None
Exterior
Parking Features Attached Carport,Carport
Utilities Available Electricity Available,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
Roof Type Shingle
Porch Front Porch
Garage No
Building
Foundation Raised
Water Public
Architectural Style Ranch
New Construction No
Others
Senior Community No
Tax ID 5339-46-05-0181
Acceptable Financing Assumable,Cash
Listing Terms Assumable,Cash