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!
Interior Details
- InteriorOther
Beds & Baths
- Bedrooms3
- Bathrooms2
- Full Baths2
Property Details
- Exterior MaterialsGarden
Measurements
- Square Feet1318
- Acres0.4
Construction Details
- Property TypePurchase
Condition
- Year Built1950
Material information
- FoundationSlab
Utilities / Energy Details
- Sewer InformationPublic Sewer
- Utility SourcePublic
- Utility FeaturesPublic
Community and Neighborhood Details
- SubdivisionFRST PARK
Location
- CountyVolusia
Financial Details
- Original List Price$225,000
- Taxes Annual$1,684
- Days on Market (Cumulative)2
Other
- MLS #O6259440
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: Eva Garcia
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Simon Diaz (#MFR261219105)
Listing Office: EXP REALTY LLC (#MFR261016970)
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.