822 FOREST LANE
Daytona Beach, FL 32114
1318 sqft | 3 beds | 2 baths | 0.40 acres | #O6259440
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
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Darren Greene
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Simon Diaz (#MFR261219105)
Listing Office: EXP REALTY LLC (#MFR261016970)
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