NOT LISTED FOR SALE

132 Hotel Ave Edgewater, FL 32132

11 Beds
7 Baths
4,562 Sq Ft
0.45 Acres

Last Sold January 11, 2017

Last sale price $315,000 $69 Per Sq Ft

107 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • 4-minute walk to Menard-May Park

About This Home

As of January 2017

Seven units on large parcel within 200’ of the Intracoastal. Currently operated as “55+ community”, the complex is fully rented to long term tenants with no leases. Intracoastal views from some units. Two separate buildings (Units 1-4 in fourplex & Units 5-7 in triplex). Tenants pay electric. Owner supplies basic cable, internet, water & gas (for water heater. Each of the units in the 4 plex have central heat & air. The triplex units have window a/c only. Roofs on both buildings replaced in 2012. Units 1, 2 3 & 7 are 2/1. Units 4, 5 & 6 are 1/1. Washer & dryer are leased & maintained by company who shares collection 50/50. There are 8 electric meters, 1 gas meter, 1 water meter. In addition to appx 118’ of street frontage, there’s rear access from platted street on SW street on SW
side of property. Great location just 3 short blocks to Menard Park (launch your paddle boards & kayaks) & a few more to the boat launch at Park Avenue. Please see separate attachment for specific rental rates.

Last Agent to Sell the Property

Margie Lints

Magnolia Properties License #334666 Listed on: 07/19/2016

Last Buyer's Agent

Karen Nelson

Nonmember office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,649

Year Built

  • Built in 1949

Lot Details

  • 0.45

Parking

  • On-Street Parking

Home Design

  • 4,562 Sq Ft Home
  • Frame Construction
  • Shingle Roof
  • Concrete Block And Stucco Construction
  • Block And Beam Construction

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Electric Range
  • 11 Bedrooms

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for cable TV, exterior maintenance, insurance, trash collection, water
  • Assessor Parcel Number 7433-12-00-0010

Community Details

Overview

  • 7 Units
  • Not On The List Subdivision
  • On-Site Maintenance

Building Details

  • Gross Income $3,939

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,649

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Subdivision Name: Not On The List
  • Directions: From Riverside Dr & Park Ave, go south to Hotel, make right.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1949
  • Reso Property Type: ResidentialIncome
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Owner Pays:Cable TV3: Yes
  • Location Tax and Legal:Parcel Number: 7433-12-00-0010
  • Location Tax and Legal:Tax Annual Amount: 4649.0
  • Location Tax and Legal:Tax Year: 2015
  • Cooling:Central Air: Yes
  • Water Source:Public: Yes
  • Cooling WallWindow Unit(s): Yes
  • Owner Pays Trash Collection: Yes
  • Owner Pays Water4: Yes
  • Owner Pays:Exterior Maintenance: Yes
  • General Property Information Number Of Units Total2: 7.0
  • Gross Scheduled Income: 47268.0
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Owner Pays: Cable TV, Exterior Maintenance, Insurance, Trash Collection, Water
  • Total Bedrooms: 11
  • Living Area: 4562.0
  • Appliances:Electric Range: Yes

Exterior Features

  • Construction Type: Block, Concrete, Frame
  • Roof: Shingle
  • Construction Materials:Block: Yes
  • Construction Materials:Concrete: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • Parking Features:On Street: Yes

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Central: Yes

Lot Info

  • Current Use: Mixed Use
  • Parcel #: 7433-12-00-0010

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 3939.0

Tax Info

  • Tax Annual Amount: 4649.0
  • Tax Year: 2015

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2017 01/11/17 Sold $315,000 0.0% $69 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
07/19/2016 07/19/16 For Sale $315,000 -- $69 / Sq Ft
Source: Daytona Beach Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $8,394 $576,601 $183,120 $393,481
2025 $8,394 $576,601 $183,120 $393,481
2024 $6,970 $577,824 $183,120 $394,704
2023 $6,970 $419,182 $105,948 $313,234
2022 $6,286 $351,445 $66,708 $284,737
2021 $5,499 $267,594 $34,008 $233,586
2020 $5,582 $271,108 $34,008 $237,100
2019 $5,571 $261,872 $31,200 $230,672
2018 $5,832 $268,770 $33,348 $235,422
2017 $5,208 $269,337 $32,113 $237,224
2016 $4,949 $234,537 $0 $0
2015 $4,649 $217,103 $0 $0
2014 $4,423 $216,643 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Margie Lints

    Seller's Agent in 2017

    Margie Lints

    Magnolia Properties

    (386) 451-3000

    16 in this area

    118 Total Sales

    Margie Lints
    Section Image

  • K

    Buyer's Agent in 2017

    Karen Nelson

    Nonmember office

    (386) 677-7131

    192 in this area

    9,008 Total Sales

    Karen Nelson
    Section Image

  • n

    Buyer's Agent in 2017

    non member

    Hayward Brown, Inc.

See All Agents

Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1018467

Daytona Beach Area Association of REALTORS®
Florida Volusia County Edgewater 32132

132 Hotel Ave, Edgewater, FL

Not Listed for Sale

MultiFamily

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