4 Beds
2 Baths
1,242 SqFt
4 Beds
2 Baths
1,242 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,242 sqft
Price per Sqft $193
Subdivision Higbees Daytona
MLS Listing ID O6348079
Bedrooms 4
Construction Status Completed
HOA Y/N No
Year Built 1950
Annual Tax Amount $2,638
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 59x80
Property Sub-Type Duplex
Source Stellar MLS
Property Description
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.
Location
State FL
County Volusia
Community Higbees Daytona
Area 32114 - Daytona Beach
Zoning R2
Interior
Interior Features Solid Surface Counters, Stone Counters, Thermostat
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile, Other, Tile, Vinyl
Furnishings Unfurnished
Fireplace false
Appliance Range, Refrigerator
Laundry Common Area, Laundry Room
Exterior
Exterior Feature Fence, Lighting, Storage
Parking Features Driveway
Utilities Available Electricity Connected, Public, Sewer Connected
Roof Type Shingle
Porch Front Porch, Screened
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Completed
Schools
Elementary Schools Turie T. Small Elem
Middle Schools Campbell Middle
High Schools Mainland High School
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Real Estate Owned
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6348079
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