NOT LISTED FOR SALE

228 Bay St Daytona Beach, FL 32114

Central Daytona Neighborhood
9 Beds
-- Bath
1,891 Sq Ft
6,098 Sq Ft Lot

Last Sold December 08, 2017

Last sale price $400,000 $212 Per Sq Ft

36 Days on Market

About This Home

As of December 2017

Cash Cow and Incredible Money Maker are words to describe this fully rented/occupied 9 unit well maintained multi family building. Producing a 13.67% CAP RATE! Full kitchen and bathroom in every unit. New roof done in 2007. Fully occupied with long term tenants. This incredible building consists of Two Large 1 Bedroom units and Seven Large Efficiency units. Property is located just a few streets from the river and less than 2 miles from the beach. This property is conveniently located close to schools, churches, restaurants, entertainment, shopping malls and public transportation for tenants use. Daytona Beach's Newest/Coming Attractions feature Daytona One; The Daytona Beach Convention Hotel & Condominiums; Hard Rock Hotel; & Latitude Margaritaville. Don't miss out on your chance to .... ....
start making extra money.. This one will simply not last long!

Last Agent to Sell the Property

Mike Bretzel

Keller Williams Realty Florida Partners License #3361497 Listed on: 09/23/2017

Keller Williams Realty Florida Partners

Last Buyer's Agent

Mike Bretzel

Adams, Cameron & Co., Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,013

Year Built

  • Built in 1901

Lot Details

  • 6,098

Home Design

  • 1,891 Sq Ft Home
  • Frame Construction
  • Shingle Roof

Parking

  • Guest Parking
  • Off-Street Parking

Additional Features

  • Electric Range
  • 9 Bedrooms
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • The owner pays for electricity, exterior maintenance, insurance, management, taxes, trash collection, water
  • Assessor Parcel Number 5339-02-48-0141

Community Details

Overview

  • 9 Units
  • Daytona Subdivision
  • On-Site Maintenance

Building Details

  • Gross Income $6,950
  • Net Operating Income $60,036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,013

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size: 6100
  • Subdivision Name: Daytona
  • Directions: From A1A and US-92 (ISB) go W towards Deland. Turn right on N Ridgewood Ave(US-1). Take the 2nd Right onto Bay to 228
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1901
  • Reso Property Type: ResidentialIncome
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • General Property Information Lot Size Dimensions: 6100
  • Location Tax and Legal:Parcel Number: 5339-02-48-0141
  • Location Tax and Legal:Tax Annual Amount: 3012.6
  • Location Tax and Legal:Tax Year: 2016
  • Water Source:Public: Yes
  • Cooling WallWindow Unit(s): Yes
  • Owner Pays Electricity: Yes
  • Owner Pays Trash Collection: Yes
  • Owner Pays Water4: Yes
  • Owner Pays:Exterior Maintenance: Yes
  • General Property Information Number Of Units Total2: 9.0
  • Gross Scheduled Income: 83400.0
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Owner Pays: Electricity, Exterior Maintenance, Insurance, Management, Taxes, Trash Collection, Water
  • Total Bedrooms: 9
  • Living Area: 1891.0
  • Appliances:Electric Range: Yes

Exterior Features

  • Construction Type: Frame, Other
  • Exterior Features: Other
  • Roof: Shingle
  • Construction Materials:Frame: Yes
  • Construction Materials:Other8: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Guest, Off Street
  • Parking Features:Guest: Yes
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Current Use: Multi-Family, Single Family
  • Parcel #: 5339-02-48-0141

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 6950.0
  • Property Net Operating Income: 60036.0

Tax Info

  • Tax Annual Amount: 3012.6
  • Tax Year: 2016

Range of Values:

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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
12/08/2017 12/08/17 Sold $400,000 0.0% $212 / Sq Ft
10/29/2017 10/29/17 Pending -- -- --
09/23/2017 09/23/17 For Sale $400,000 -- $212 / Sq Ft
Source: Daytona Beach Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Bretzel

    Seller's Agent in 2017

    Mike Bretzel

    Keller Williams Realty Florida Partners

    (386) 631-5757

    7 in this area

    58 Total Sales

    Mike Bretzel
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Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1032601

Daytona Beach Area Association of REALTORS®
Florida Volusia County Daytona Beach 32114 Central Daytona

228 Bay St, Daytona Beach, FL

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