Active

$239,900

Features:
  • 4 Bedrooms
  • 2 Bathrooms
  • 1242 sq ft
Overview
  • ID: MFRO6348079
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 1242 sq ft
Property Details
Remarks
This well-maintained and recently updated duplex is a strong cash-flowing investment opportunity in the heart of Daytona Beach. Each unit has benefited from extensive upgrades over the past few years, including new cabinets, granite countertops, modern appliances, updated HVAC systems, water heaters, windows, fencing, and more—minimizing near-term capital expenditures for the next owner. Both units are currently tenant-occupied at $950 per month each, providing immediate rental income of $1,900 per month ($22,800 annually). With its desirable location and significant improvements, this property offers long-term stability while also presenting upside potential for investors to gradually increase rents in line with the Daytona Beach market. Whether you’re expanding your portfolio or entering the market for the first time, 701 S Palmetto Ave represents a turnkey opportunity with strong fundamentals and future growth potential.
Financial Considerations
Price:
$239,900
HOA Fee:
N/A
Tax Amount:
$2638
Price per SqFt:
$193.16
Tax Legal Description:
W 59 FT OF LOT 1 N OF CANAL & ALL LAND TO N OF SAME & S OF SOUTH ST BLK 60 HIGBEES DAYTONA MB 12 PG 98 PER OR 5375 PG 0330 PER OR 5634 PG 3019 PER OR 7197 PG 0437 PER OR 7214 PG 4171
Exterior Features
Lot Size:
4720
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
2
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Range, Refrigerator
Furnished:
Yes
Floor:
Ceramic Tile, Other, Tile, Vinyl
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1950
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
Real Estate Owned
Additional Features:
Fence, Lighting, Storage
Additional Features 2:
Confirm leasing guidelines and law with Volusia County and Daytona Beach.
Map
  • Address
    701 S PALMETTO AVE #705
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