1050 Wayne Avenue

    New Smyrna Beach, FL 32168
    • $5,690,000
    • STATUS: Active
    • ON SITE: 393 days
    • MLS #: O5769726
    UPDATED: 37 min ago
    $5,690,000
    • 0
      BEDS
    • 4.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 40,538
      SQFT
    • $140
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    8 CAP! Across the street from the New Smyrna Beach Golf Course - Property was just recently fully renovated top to bottom37 units -24 units 2 bed 1 bath apartments (older leases are $1095/m, new leases are $1195/m) and 13 units 3 bed 2 bath town-homes rent is $1295/m the new tenants and RE-leases Tenants pay an additional $125/m for water/sewer/cable/internet. Each 2/1 is approximately 1012 sq ft each and Each 3/2 is approximately 1250 sq ft each with a total of 40,538 total sq ft. Approximately 4.13 acres of land with 61 parking spaces for 6 buildings and an Extra Building pad to build a new building (8 units) value add position! All of these items are NEW: Roofs, Windows, Sliding Doors, Siding, Paint in and out, Bath and Kitchen cabinets, Granite counter tops, Appliances, Faucets, Carpet (upstairs), Vinyl (upstairs wet areas), Tile (downstairs), Sinks, Shower Valves, Common lighting, Repaved Parking Lot, Retention pond pump, Gutters, and Blinds. Most AC units new, Most new hot water heaters, Washer Dryer hookup in each unit. Recently new Certificate of Occupancy, Recently inspected by Fire Department and Building Officials. 97% Occupied.

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    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-04-09T15:41:19.687.
    www.lovitchrealty.com/homes/92627997

    1050 Wayne Avenue New Smyrna Beach, FL 32168

    • Price: $5,690,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: O5769726
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.14
    Acres
    40,538
    SQFT
    $140
    $/SQFT
    1980
    Built
    Neighborhood:
    Double Eagle
    County:
    Volusia
    Area:
    New Smyrna Beach
    Property Description
    8 CAP! Across the street from the New Smyrna Beach Golf Course - Property was just recently fully renovated top to bottom37 units -24 units 2 bed 1 bath apartments (older leases are $1095/m, new leases are $1195/m) and 13 units 3 bed 2 bath town-homes rent is $1295/m the new tenants and RE-leases Tenants pay an additional $125/m for water/sewer/cable/internet. Each 2/1 is approximately 1012 sq ft each and Each 3/2 is approximately 1250 sq ft each with a total of 40,538 total sq ft. Approximately 4.13 acres of land with 61 parking spaces for 6 buildings and an Extra Building pad to build a new building (8 units) value add position! All of these items are NEW: Roofs, Windows, Sliding Doors, Siding, Paint in and out, Bath and Kitchen cabinets, Granite counter tops, Appliances, Faucets, Carpet (upstairs), Vinyl (upstairs wet areas), Tile (downstairs), Sinks, Shower Valves, Common lighting, Repaved Parking Lot, Retention pond pump, Gutters, and Blinds. Most AC units new, Most new hot water heaters, Washer Dryer hookup in each unit. Recently new Certificate of Occupancy, Recently inspected by Fire Department and Building Officials. 97% Occupied.
    Exterior Features

    Attached Garage Yn No Carport Spaces 61 Carport Yn No Construction Materials Wood Frame Exterior Features Lighting Lot Features Oversized LotStreet PavedStreet Private Lot Size Dimensions 459X264x551x294x170x133 Parking Features Circular DrivewayCommon Pool Private Yn No Roof Shingle View Golf CourseWater Water Access Yn No Water Extras Yn No Water View Pond Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Additional Rooms Inside Utility Appliances DishwasherGas Water HeaterIce MakerMicrowaveRange Cooling Central Air Fireplace Yn No Flooring CarpetCeramic TileVinyl Furnished Unfurnished Heating CentralNatural Gas Interior Features Window Treatments Laundry Features Inside Levels Multi/Split Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Amenities Additional Fees Tenant Pays An Additional $125/M For internet/cable/water/sewer/trash Annual Expenses 145329 Annual Net Income 427551.00 Association Approval Required Yn No Association Yn No Available For Lease Yn Yes Cdd Yn No DPR No Est Annual Market Income 572880.00 Flood Zone Code Ae Garage Yn No Homestead Yn No Lease Term 12 Months Listing Terms CashConventional Max Pet Weight 35 Minimum Lease 8-12 Months New Construction Yn No Pet Restrictions Per Landlord's Discretion Pet Size Small (16-35 Lbs.) Pets Allowed Breed RestrictionsNumber LimitSize LimitYes Property Condition Completed Property Description Mid Rise Property Sub Type Multi-Family Security Features Security LightsSmoke Detector(S) Senior Community Yn No Special Listing Conditions None Tax Annual Amount 34391.00 Tax Year 2018 Total Actual Rent 47740 Total Num Buildings 6 Utilities Bb/Hs Internet AvailableCable ConnectedElectricity ConnectedFire HydrantNatural Gas ConnectedPublicSewer ConnectedUnderground Utilities Zoning 10R4


    Listing information © 2020 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Empire Network Realty.



    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-04-09T15:41:19.687.
     
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