$2,300,000
$2,300,000
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1450 S PALMETTO AVE Daytona Beach, FL 32114
20 Beds
20 Baths
13,728 SqFt
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,728 sqft
Price per Sqft $167
Subdivision Country Club Harbor
MLS Listing ID R4907511
Sold Date 05/16/24
Bedrooms 20
Construction Status Financing
HOA Y/N No
Originating Board Stellar MLS
Year Built 1987
Annual Tax Amount $29,083
Lot Size 0.720 Acres
Acres 0.72
Lot Dimensions 210x150
Property Description
Sprucewood is right near the Daytona Beach Golf and Country Club and is composed of all one bedroom units measuring just under 700 SF each. The average in place rent is $1,115, most recent leases are at $1,150 and newly advertised leases are starting at $1,200 per month. The shingle pitched roof was replaced in 2021. While a property wide remodel was not the intention, a lighter $7,000 per unit has been spent as needed since 2020 on HVAC units, appliances, water heaters, cabinets, countertops, flooring, etc. Seller has another offering of 27 units available. See MLS #R4907510.
Location
State FL
County Volusia
Community Country Club Harbor
Zoning 02T2
Interior
Interior Features Other
Heating Other
Cooling Other
Fireplace false
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Other
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Other
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Construction Status Financing
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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