Homes for sale - 547 Division St, FL 32114 – MLS#A11609028

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Lera Pinneri

leramiami@gmail.com +1(786) 260-7180

$ 100,000

Est. payment | -/mo

3 Beds

2 Baths

1,101 SqFt

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$ 100,000

Est. payment | -/mo

Save Virtual Tour

3 Beds

2 Baths

1,101 SqFt

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

Listed by One Key Realty

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(786) 260-7180

leramiami@gmail.com

1400 International Pkwy, Lake Mary, FL, 32746, USA

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