547 Division St Pending Save Request In-Person Tour Request Virtual Tour
FL 32114
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 1,101 sqft
Price per Sqft $90
Subdivision Daytona
MLS Listing ID A11609028
Style Detached,One Story
Bedrooms 3
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1929
Annual Tax Amount $1,077
Tax Year 2023
Contingent Other
Property Description
Investor Alert! Consider this fix-and-flip or fix-and-hold opportunity, yielding $2,052/month as per HUD (Section 8) for a single-family residence. With Section 8, expect a 15% annual increase in rental income. A three-bedroom, two-bathroom house in Daytona Beach presents an excellent rehab prospect. Offered at $93.81/sq ft, the property's estimated ARV post-renovation stands at $225,000. It requires a new roof (see attached estimate) and has an encroachment issue (see attached survey). Estimated repairs are $40,000, with a total investment of $140,000, leading to $85,000 of instant equity. Terms are cash only, and the encroachment will remain. Anticipate a 10% cap rate on your investment or opt for refinancing and cash out. This is a unique opportunity to become involved.
Location
State FL
County Volusia
Community Daytona
Area 5940 Florida Other
Direction please see gps
Interior
Interior Features Bedroom on Main Level,First Floor Entry
Heating Central,Electric
Cooling Central Air,Electric,None
Flooring Other
Furnishings Unfurnished
Appliance None
Exterior
Exterior Feature None
Carport Spaces 1
Pool None
Community Features Street Lights,Sidewalks
Utilities Available Cable Available
View Garden
Roof Type Other
Garage No
Building
Lot Description < 1/4 Acre
Faces West
Story 1
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Detached,One Story
Construction Status Resale
Others
Pets Allowed No Pet Restrictions,Yes
Senior Community No
Tax ID 533946050181
Ownership Corporation
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Listed As-Is
Pets Allowed No Pet Restrictions,Yes