NOT LISTED FOR SALE

1507 State Ave Daytona Beach, FL 32117

Rio Vista Neighborhood
12 Beds
-- Bath
6,840 Sq Ft
6,098 Sq Ft Lot

Last Sold June 17, 2024

Last sale price $645,000 $94 Per Sq Ft

7 Days on Market

Highlights

  • Board and Batten Siding
  • Central Heating and Cooling System
  • 6 Car Garage

About This Home

As of June 2024

Great investment opportunity for an investor. Six unit townhome built in 1981. Each unit is two stories with 1,140 sq ft of living area with both bedrooms located upstairs. One full bathroom upstairs and one half bath downstairs with washer/dryer hook-ups in each unit. Most units will need updating. Several units have newer A/C and the building has a metal roof. Units Y, V and W have covered carports. All units are rented to very long-term tenants. All tenants are on a month to month tenancies. Buyer is responsible for verifying room measurements and other information deemed of value to the buyer. All information in the MLS is deemed to be correct but cannot be guaranteed.

Last Agent to Sell the Property

Bev McNair

Adams, Cameron & Co., Realtors License #3202587 Listed on: 04/11/2024

Last Buyer's Agent

Karen Nelson

Nonmember office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,031

Year Built

  • Built in 1981

Lot Details

  • 6,098

Home Design

  • 6,840 Sq Ft Home
  • Frame Construction
  • Metal Roof
  • Board and Batten Siding

Parking

  • 6 Car Garage
  • Carport
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • 200+ Amp Service

Additional Features

  • Electric Range
  • 12 Bedrooms
  • Washer and Gas Dryer Hookup
  • 6,098 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for grounds care, insurance
  • Assessor Parcel Number 4242-20-01-0040

Community Details

Overview

  • 6 Units
  • Rio Vista Subdivision
  • On-Site Maintenance

Building Details

  • Gross Income $4,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,031

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Lot Size: 6205
  • Subdivision Name: Rio Vista
  • Directions: Ridgewood (US1) to Flomish west to State Ave. south on State to 1507.
  • Carport Y N: Yes
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1981
  • Reso Property Type: ResidentialIncome
  • Appliances Refrigerators: Yes
  • Roof:Metal: Yes
  • Sewer:Public Sewer: Yes
  • General Property Information Lot Size Acres: 0.14
  • General Property Information Lot Size Dimensions: 6205
  • General Property Information CDD Fee YN: No
  • Location Tax and Legal:Parcel Number: 4242-20-01-0040
  • Location Tax and Legal:Tax Annual Amount: 5031.0
  • Location Tax and Legal:Tax Year: 2023
  • Cooling:Central Air: Yes
  • Water Source:Public: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Owner Pays:Grounds Care: Yes
  • General Property Information Number Of Units Total2: 6.0
  • Unit 1 Details Furnished3: Unfurnished
  • Unit 2 Details Furnished4: Unfurnished
  • Unit 3 Details Furnished5: Unfurnished
  • Unit 4 Details Furnished6: Unfurnished
  • Unit 5 Details Furnished7: Unfurnished
  • Unit 6 Details Furnished8: Unfurnished
  • Gross Scheduled Income: 57000.0
  • Laundry Features Gas Dryer Hookup: Yes
  • Electric:Fuses: Yes
  • Electric 200 Amp Service: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Owner Pays: Grounds Care, Insurance
  • Total Bedrooms: 12
  • Living Area: 6840.0
  • Appliances:Electric Range: Yes

Exterior Features

  • Construction Type: Board & Batten Siding, Frame
  • Roof: Metal
  • Construction Materials:Frame: Yes
  • Construction Materials:Board Batten Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport, Off Street
  • Total Parking Spaces: 6.0
  • Parking Features:Carport: Yes
  • Parking Features:Off Street: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Fuses
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Central: Yes

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 6098.4
  • Parcel #: 4242-20-01-0040
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 4750.0

Tax Info

  • Tax Annual Amount: 5031.0
  • Tax Year: 2023

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
06/17/2024 06/17/24 Sold $645,000 -10.4% $94 / Sq Ft
04/18/2024 04/18/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $720,000 -- $105 / 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 $9,965 $546,998 $90,000 $456,998
2025 $9,965 $546,998 $90,000 $456,998
2024 $5,031 $268,822 $45,000 $223,822
2023 $5,031 $262,973 $45,000 $217,973
2022 $4,602 $249,312 $45,000 $204,312
2021 $4,296 $204,716 $19,824 $184,892
2020 $4,395 $214,053 $19,824 $194,229
2019 $4,019 $195,201 $19,824 $175,377
2018 $3,755 $173,780 $19,824 $153,956
2017 $3,662 $172,084 $24,000 $148,084
2016 $3,491 $161,165 $0 $0
2015 $3,365 $151,144 $0 $0
2014 $2,910 $115,296 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Bev McNair

    Adams, Cameron & Co., Realtors

    (386) 795-2215

    1 in this area

    35 Total Sales

    Bev McNair
    Section Image

  • K

    Buyer's Agent in 2024

    Karen Nelson

    Nonmember office

    (386) 677-7131

    24 in this area

    8,992 Total Sales

    Karen Nelson
    Section Image

  • n

    Buyer's Agent in 2024

    non member

    Hayward Brown, Inc.

See All Agents

Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1121486

Daytona Beach Area Association of REALTORS®
Florida Volusia County Daytona Beach 32117 Rio Vista

1507 State Ave, Daytona Beach, FL

Not Listed for Sale

MultiFamily

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