Homes for sale - 547 Division ST, Daytona Beach, FL 32114

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Shawn Layton

shawn@serhant.com +1(321) 514-8055

$ 100,000

Est. payment -/mo

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Pending

547 Division ST Daytona Beach, FL 32114

3 Beds

2 Baths

1,066 SqFt

UPDATED:

11/13/2024 04:15 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 1,066 sqft

Price per Sqft $93

Subdivision Conrad

MLS Listing ID 1201964

Style Ranch

Bedrooms 3

Full Baths 2

Originating Board Daytona Beach Area Association of REALTORS®

Year Built 1929

Annual Tax Amount $1,077

Lot Size 4,926 Sqft

Lot Dimensions 0.11

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 percent 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. A single-family home in Daytona Beach offers a 10 cap rate with a sales price of only 100. You have the option to fix and hold or fix and flip, potentially realizing an immediate equity of 85.

Location

State FL

County Volusia

Community Conrad

Direction From International Drive head towards Martin Luther King Jr. Blvd to turn right or south, then turn left onto Cedar ST then turn left onto Division St and the home is on your right, second house in from the corner.

Interior

Heating Central, Electric, None

Cooling None

Exterior

Parking Features Attached Carport, Carport

Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

Roof Type Shingle

Porch Front Porch

Garage No

Building

Foundation Raised

Water Public

Architectural Style Ranch

New Construction No

Others

Senior Community No

Tax ID 5339-46-05-0181

Acceptable Financing Assumable, Cash

Listing Terms Assumable, Cash

Listed by One Key Realty

Shawn Layton

Team Leader & REALTOR® | License ID: SL3389210

+1(321) 514-8055

Shawn Layton

547 Division ST Daytona Beach, FL 32114

Key Details

Location

Interior

Exterior

Building

Others

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547 Division ST