822 FOREST LN Active Save Request In-Person Tour Request Virtual Tour
Daytona Beach,FL 32114
Key Details
Property Type Single Family Home
Sub Type Half Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,216 sqft
Price per Sqft $180
Subdivision Frst Park
MLS Listing ID O6259440
Bedrooms 3
Full Baths 2
HOA Y/N No
Originating Board Stellar MLS
Year Built 1950
Annual Tax Amount $1,684
Lot Size 0.400 Acres
Acres 0.4
Property 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!
Location
State FL
County Volusia
Community Frst Park
Zoning RES
Interior
Interior Features Other
Heating Central,Wall Units / Window Unit
Cooling Central Air,Wall/Window Unit(s)
Flooring Carpet,Slate,Tile
Fireplace true
Appliance Range,Refrigerator
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Garden
Utilities Available Public
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level Multi/Split
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None