$219,900
For Sale

822 FOREST LANE

Daytona Beach, FL 32114
1318 sqft | 3 beds | 2 baths | 0.40 acres | #O6259440
Browse 30 photos
Type:Purchase
Structure:Townhouse
Zone:Residential

Description

This property offers a remarkable approximate 14% annual ROI. Currently operating as a residential income duplex, it is also grandfathered for commercial use. The front unit features 2 bedrooms, 1 bath, and an open kitchen/living area, while the back unit includes 1 bedroom, 1 bath, a spacious living area, and a kitchen. One unit is currently rented, with the second unit recently vacated. Combined, the units generate a gross monthly income of $2,000, or $24,000 annually. Both units have been recently renovated, with upgrades to the HVAC, roof, flooring, water heater, walls, doors, and fixtures. The property offers two separate driveways for parking on the east side, along with a large parking area on the west side, accessible via Edwards Street. With its commercial zoning, this property offers flexible opportunities for various uses, such as residential income, conversion to commercial office space for additional income, or as a primary residence or commercial establishment. Don't miss this exceptional investment opportunity!

  • Property Details
      • Sewer InformationPublic Sewer
      • Property SubtypeHalf Duplex
      • SubdivisionFRST PARK
      • Property TypePurchase
      • Original List Price$225,000
      • MLS #O6259440
      • MLS #O6259440
      • CountyVolusia
      • Exterior MaterialsGarden
      • Utility SourcePublic
      • Utility FeaturesPublic
      • Taxes Annual$1,684
      • Cost219900
      • InteriorOther
      • Square Feet1318
      • Year Built1950
      • FoundationSlab
      • Acres0.4
      • Days on Market (Cumulative)36
      • Bedrooms3
      • Bathrooms2
      • Full Baths2

Location

Darren GreeneReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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