Pending

$785,000

Features:
  • 8 Bedrooms
  • 8 Bathrooms
  • 4112 sq ft
Overview
  • ID: MFRT3552678
  • Bedrooms: 8
  • Bathrooms: 8
  • Size: 4112 sq ft
Property Details
Remarks
Under contract-accepting backup offers. Great news! This income-producing property is back on the market after the previous buyer's financing falling through. An official appraisal confirmed the home’s value exceeds our list price, making this an exceptional opportunity. The motivated sellers are eager to find a serious buyer. Presenting a unique property opportunity in the heart of New Smyrna Beach, a community celebrated for its beautiful shoreline and vibrant marketplace. Located just steps from the bustling Canal Street and offering picturesque views of the Intercoastal and Beach, this 4-plex embodies the essence of accessible coastal living. The property comprises two buildings with 1,056 square feet per unit, each offering comfortable and convenient living spaces. With four income-generating units and a proven track record as a successful Airbnb rental, this property provides a reliable source of income. New Smyrna Beach boasts a diverse and skilled workforce, with professionals in fields such as engineering, IT, healthcare, and finance, contributing to a thriving local economy. Spanning both mainland and beachside areas, the property offers the advantages of urban accessibility and the tranquility of coastal living. With a cap rate exceeding 8%, this 4-plex presents a compelling investment opportunity in today's market. Whether you're seeking a profitable addition to your portfolio or a serene coastal retreat, this property offers both financial rewards and an enviable lifestyle in the sought-after New Smyrna Beach area.
Financial Considerations
Price:
$785,000
HOA Fee:
0
Tax Amount:
$6185
Price per SqFt:
$190.9
Tax Legal Description:
18 17 34 IRREG PARCEL IN GOVT LOT 1 BEING E 50 FT W OF JOINT VENTURE SUB MEAS 300.8 FT ON N/L OF BLK 4 LOWDS SUB & MEAS 625.9 FT ON W/L & INC E 25 FT OF W 30.95 FT OF LOT 3 BLK 4 LOWDS SUB MB 6 PG 45 PER OR 3267 PG 0219 PER OR 7838 PGS 1149-1153 PER OR 8013 PG 4713
Exterior Features
Lot Size:
57332
Lot Features:
Cul-De-Sac
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway, Off Street, On Street
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
8
Heating:
Central
Cooling:
Central Air
Appliances:
Cooktop, Disposal, Microwave, Other, Range Hood, Refrigerator
Furnished:
Yes
Floor:
Luxury Vinyl
Levels:
Two
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1991
Construction Type:
Block, Other, Wood Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Balcony, Lighting, Other
Additional Features 2:
Buyer/Buyer's Agent to verify all city ordinances and/or lease restrictions.
Map
  • Address
    610-612 / 614-616 WARN REE CIR
Contact a Professional
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  • Communication and Transparency
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  • After-Sale Support
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