Mary Mauzy - Coldwell Banker Coast
451 Hickory Street
NEW SMYRNA BEACH, FL 32168

Description

Investors ALERT! Recently renovated and ready for the finishing touches, with remodeled kitchens, bathrooms, and living rooms. This triplex would generate a massive 16% return on investment based on market rents for the area! The options with this property are endless, the lot is sub-dividable meaning you can build an additional building behind the existing structure to generate a higher return. And being a property with less than 4 units, an owner occupant can purchase this property with as little as 3.5% down, live in it for a year, rent out the other two units, and cover the mortgage while living for free! Located off of busy US1 and less than 5 minutes from the beach, you won't find much trouble leasing the property, you also have the option of utilizing our property management services where we average less than 20 days to lease properties, record time! The options with this property are limitless, don't wait out on this deal, with property prices quickly rising in Volusia county, you won't be able to find a deal generating this kind of return for much longer. Call us today for a showing!

Details

MLS#R4900464
Sub-TypeResale
StatusActive
Year1945
Days On Site42

Features

SQ Feet2,268
Units3
Building(s)1

Market Activity 32168

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Area Information

StateFL
CountyVolusia
CityNEW SMYRNA BEACH
Zip Code32168
Area32168 - New Smyrna Beach
Listing VS Median (in 32168)
Price:
$199,000
low | high
Med:
$329,000
15.326633165829% of Average
SqFt:
2,268
low | high
Med:
3,065
14.858906525573% of Average
$ / SqFt:
$88
low | high
Med:
$107
27.663685474682% of Average
On Site:
42
low | high
Med:
80
52.5% of Average
Listing Updated: 09/17/2018
MLS Number: R4900464
Listing Provided By:
Erision Tahiraj  of  GTL PROPERTY MANAGEMENT SALESÁ

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