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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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440 S Caroline St , Daytona Beach, FL 32114
$275,000
Est. Payment: $611.11/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 19
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House Description

The property is ideally located less than 10 minutes from the beach and in close proximity to major thoroughfares including I-95 and Hwy A1A. It’s also near Daytona Beach International Airport, Daytona State College, Bethune-Cookman University, and top-rated schools such as Spruce Creek High and Tomoka Elementary. This offering presents a significant opportunity to develop a new rental property with strong income potential ( 7.5% cap rate) in a desirable, well-connected location. The owner is including the architectural concept design approved by the authorities. PROPOSED PROJECT TO BE DONE IN THE LAND: 8 APARTMENTS FEASIBILITY ANALYSIS: 8 apartments, Area per unit: 754 sqft, Total area of construction: 6,032 sqft, Cost per each sqft: $150 A 13.12% capitalization rate (cap rate) on a proposed project to be done in the land Available upon request

Highlights

Listed by Sagrario Garcia , 305-879-7162 SFRMC Realty , 305-915-8210.

Property Type

Vacant Land

Lot/Acreage
0.74

County

Volusia

Area

5940 Florida Other

Neighborhood

Daytona Gardens Plat 6

Listing ID

A12066391

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public

Exterior Features

Lot:<1 Acre
Principal Interest
$611
Taxes
$85

Home Price

$275,000

Loan Details

30 yrs
%

Down Payment

20%
$55,000
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Monthly Price:
$611.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $611.11 $85.33 $0.00 $696.44
Yearly $7,333.33 $1,024.00 $0.00 $8,357.33
Total $220,000.00 $30,720.00 $0.00 $250,720.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Daytona Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.