$400,888 Price Analysis    ♡   Daytona Beach Shores, FL 32118 3 bed 3 bath 1,130 SqFt ($354/SqFt) Built 1973 Listed 2024-04-22, HOA $1229 | Ⓧ USDA Ineligible due to location near Daytona Beach Shores |
Experience beachfront luxury at its finest!
This property presents three stunning condos on the 8th floor, each offering breathtaking ocean views. Renovated to perfection, these units feature new flooring, updated kitchens and modern appliances, providing an inviting living space. Sold fully furnished, this turnkey property offers seamless investment potential. Whether you choose to live in one unit and rent out the others or capitalize on the short-term rental market, the opportunities for profit are endless. Currently fully occupied, with the option to reclaim one unit for owner occupancy with a 30-day notice, this property offers flexibility and immediate returns.
Situated in a meticulously maintained building undergoing over $9 million in upgrades, there's no need to worry about special asses sments. Owners will enjoy access to a range of amenities, with HOA dues covering water, electricity, Wi-Fi and exclusive access to beachfront facilities. With the option to join the association's short-term rental program or self-manage, the current owner is available to assist with the transition. Offering a cap rate of 7% or more, this property is a rare opportunity to invest in beachfront luxury and enjoy lucrative returns for years to come.
Presented by Serena Orgin at
Richr Homes.
Property MLS #A4607927 from StellarMLS
Primary Bedroom Level: First
Living Room Level: First
Studio Level: First
Full Bathrooms: 3
Flooring: Laminate
Refrigerator
Laundry Features: Common Area
Heating Features: Wall Units / Window Unit
Garage Spaces: 1
Association Fee: 1229
Association Fee Frequency: Monthly
Association Fee Includes: Cable TV, Electricity, Internet, Sewer, Water
Calculated Total Monthly Association Fees: 1229
Association Name: Will Be Provided upon Request
Pets Allowed: No
Community Association WaterFeatures
Annual Tax Amount: 1904.869999999
Source Listing Status: Active
County: Volusia
Directions: Head southeast on S Ridgewood Ave toward W International Speedway Blvd Pass by Jimmy John's (on the left) Turn left onto Orange Ave Continue onto Silver Beach Ave Turn right onto S Atlantic Ave Destination will be on the left
Tax Year: 2022
Ownership: Condominium
Source Property Type: Residential
Area: 32118 - Daytona Beach/Holly Hill
Property Subtype: condo
Source Neighborhood: OCEANSIDE INN CONDO
Parcel Number: 16153331008170
Postal Code Plus 4: 5005
Subdivision: OCEANSIDE INN CONDO
Township: 15S
Zoning: 04
Property Features: Condo Fees: 0 null
Property Subtype: Condo - Hotel
Source System Name: C2C
$400,888
StellarMLS
Listing removed 2023-08-30
$408,888
StellarMLS
Price Changed 2023-08-01
$408,888
StellarMLS
Listed 2023-06-21
$408,000
StellarMLS
Sold 2010-07-29
$75,000
StellarMLS
Listed 2010-06-25
$99,900
NewSmyrna
Year Built: 1973
Building Area Source: Public Records
Building Area Total: 1130
Building Name: OCEANSIDE INN CONDO
Construction Materials: Concrete
Direction Faces: East
Foundation Details: Block
Levels: One
Property Age: 51
Levels or Stories: 9
Building Total Stories: 9
Elevator: Yes
Cable Connected
Electricity Connected
Water Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.