Multifamily zoned lot for development. Just 1 block from popular Nova Road. Close to Beach, colleges, airport and more. Income potential for investor/developer. Seller will include architectural design to build 11 TOWNHOMES with 24 parking spaces. Each unit has 2 bedrooms and 1 1/2 bathrooms Estimated cost to build the project it’s around $1.9 million (land included), and the property value after construction and rented over $4 Million. There is huge upside potential here. Since apartments would be new, it will have a very low expenses/ maintenance and the cap rate could be very high (8.98%) Values are estimated will change according to market conditions. General description of potential project, buyer must verify all zoning and construction expenses.
Property Details
Price:
$325,000
MLS #:
V4937714
Status:
Active
Beds:
0
Baths:
0
Address:
440 S CAROLINE STREET
Type:
Land
Subdivision:
DAYTONA GARDENS 06
Neighborhood:
32114 – Daytona Beach
City:
DAYTONA BEACH
Listed Date:
Jul 31, 2024
State:
FL
ZIP:
32114
Lot Size:
32,480 sqft / 0.75 acres (approx)
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
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Schools
Interior
Exterior
Financial
Tax Year
2023
Taxes
$946
Map
Community
- Address440 S CAROLINE STREET DAYTONA BEACH FL
- SubdivisionDAYTONA GARDENS 06
- CityDAYTONA BEACH
- CountyVolusia
- Zip Code32114
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Courtesy of RE/MAX SIGNATURE. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 440 S CAROLINE STREET
DAYTONA BEACH, FL
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