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$225,000
3 Beds
2 Baths
1,216 SqFt
0.18 Acre Lot
7,813 Sqft Lot
Status Active
Property Type Single Family Residence
Year Built 1950
Neighborhood Frst Park
Days on Website 8

Property Map

$225,000 – 822 Forest Lane, Daytona Beach, FL 32114

Street View

Courtesy of EXP REALTY LLC {attribution_contact}

Description

This property offers a remarkable approximate 14% annual ROI. Currently operating as a residential income duplex, it is also grandfathered for commercial use. The front unit features 2 bedrooms, 1 bath, and an open kitchen/living area, while the back unit includes 1 bedroom, 1 bath, a spacious living area, and a kitchen. One unit is currently rented, with the second unit recently vacated. Combined, the units generate a gross monthly income of $2,000, or $24,000 annually. Both units have been recently renovated, with upgrades to the HVAC, roof, flooring, water heater, walls, doors, and fixtures. The property offers two separate driveways for parking on the east side, along with a large parking area on the west side, accessible via Edwards Street. With its commercial zoning, this property offers flexible opportunities for various uses, such as residential income, conversion to commercial office space for additional income, or as a primary residence or commercial establishment. Don’t miss this exceptional investment opportunity!

Property Details and Features

Building

  • Living Area Meters: 112.97
  • Room Count: 6
  • Building Area Total: 1318
  • Building Area Units: Square Feet
  • Construction Materials: “Concrete”
  • Direction Faces: East
  • Levels: “Multi/Split”
  • Living Area: 1216
  • Year Built: 1950

Listing

  • End Date of Lease: 2025-04-01
  • Available For Lease
  • Existing Lease Tenant
  • Minimum Lease: 6 Months
  • Calculated List Price By Calculated Sq Ft: $185

Lot

  • Lot Size Square Meters: 726
  • Total Acreage: 1/4 to less than 1/2
  • 0.4 acres
  • 7813 square feet

Property Access

  • Road Surface: “Asphalt”

Appliances & Equipment

  • Appliances: “Range”, “Refrigerator”

Bathrooms

  • 2 full bathrooms

Bedrooms

  • Bedrooms Total: 3

Cooling

  • Cooling: “Central Air”, “Wall/Window Unit(s)”

Exterior Features

  • Exterior Features: “Garden”

Floors

  • Flooring: “Carpet”, “Slate”, “Tile”

Foundation

  • Foundation Details: “Slab”

Heating

  • Heating: “Central”, “Wall Units / Window Unit”

Interior Features

  • Interior Features: “Other”

Laundry

  • Laundry Features: “Electric Dryer Hookup”

Location

  • County or Parish: Volusia
  • Subdivision: FRST PARK
  • Township: 15

Property

  • Zoning: RES

Roof

  • Roof: “Shingle”

Sewer

  • Sewer: “Public Sewer”

Utilities

  • Utilities: “Public”
  • Water Source: “Public”

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This content last updated on November 29, 2024 19:18. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.