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.
©2024 Miami Association of REALTORS® all rights reserved.
Data last updated 9:13 AM UTC, 8/23/2024.