This property offers a remarkable approximate 14% annual ROI. Currently operating as a residential income duplex, it is also grandfathered for commercial use. The front unit features 2 bedrooms, 1 bath, and an open kitchen/living area, while the back unit includes 1 bedroom, 1 bath, a spacious living area, and a kitchen. One unit is currently rented, with the second unit recently vacated. Combined, the units generate a gross monthly income of $2,000, or $24,000 annually. Both units have been recently renovated, with upgrades to the HVAC, roof, flooring, water heater, walls, doors, and fixtures. The property offers two separate driveways for parking on the east side, along with a large parking area on the west side, accessible via Edwards Street. With its commercial zoning, this property offers flexible opportunities for various uses, such as residential income, conversion to commercial office space for additional income, or as a primary residence or commercial establishment. Don’t miss this exceptional investment opportunity!
Property Details
Price:
$225,000
MLS #:
O6259440
Status:
Active
Beds:
3
Baths:
2
Address:
822 FOREST LANE
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
FRST PARK
Neighborhood:
32114 – Daytona Beach
City:
DAYTONA BEACH
Listed Date:
Nov 21, 2024
State:
FL
Finished Sq Ft:
1,318
Total Sq Ft:
1,318
ZIP:
32114
Lot Size:
7,813 sqft / 0.40 acres (approx)
Year Built:
1950
See this Listing
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Schools
Interior
Appliances
Range, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Carpet, Slate, Tile
Heating
Central, Wall Units / Window Unit
Laundry Features
Electric Dryer Hookup
Exterior
Construction Materials
Concrete
Exterior Features
Garden
Roof
Shingle
Financial
Tax Year
2023
Taxes
$1,684
Map
Community
- Address822 FOREST LANE DAYTONA BEACH FL
- SubdivisionFRST PARK
- CityDAYTONA BEACH
- CountyVolusia
- Zip Code32114
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Courtesy of EXP REALTY LLC. 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. 822 FOREST LANE
DAYTONA BEACH, FL
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