547 Division St, Daytona FL, 32114

Pending

547 Division St

Daytona FL, 32114

$100,000

$90.83 per sqft

Pending

3 Beds

2 Baths

1,101 sqft

Residential

Built in 1929

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.

A11609028

MLSⓇ ID

July 24, 2024

Listed

August 23, 2024

Updated

Map

547 Division St
Daytona FL, 32114

Interior Features

Bedrooms: 3
Total Bathrooms: 2
Full Bathrooms: 2
Interior Features: First Floor Entry, No Additional Rooms
Floor Description: Other
Fireplace: No
Cooling: No
Cooling Description: Central Air, Electric, None
Heating: Yes
Heating Description: Central, Electric

Exterior/Building Features

Exterior Features: None
Lot Features: Less Than 1/4 Acre Lot
Architectual Style: Detached, One Story
Roof: Other
Sewer: Public Sewer

Other Property Details

Area Name: Daytona
Taxes: $1,077
Tax Frequency: Annually
Days on Market: 8
Garage: No
Parking: Attached Carport, Covered, Driveway, Rv/Boat Parking
View: Yes
View Description: Garden
County: Volusia County
Water Source: Municipal Water
Pool: No
Zoning: Res

Listing History

Date	Event	Price
8/1/2024	Pending	—

Listed by: One Key Realty
Listing Contact: 305-525-8947

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 9:13 AM UTC, 8/23/2024.