NOT LISTED FOR SALE

299 Roosevelt Park Ormond Beach, FL 32174

Estimated Value: $163,000 - $241,000

45 Beds
1 Bath
15,191 Sq Ft
$13/Sq Ft Est. Value

Last Sold March 29, 2018

Last sale price $1,020,000 $67 Per Sq Ft

Current estimated payment $1,185/month

42 Days on Market

About This Home

As of March 2018

Once in a lifetime opportunity to invest in an entire block of Ormond Beach rental homes on a total of 1.98 acres. Future use could be building your dream home walking distance from the river with the collection of monthly rental income in the interim. This is an ugly, yet high performing portfolio. 20 Rental units; 19 units occupied, 1 unit used as owner maintenance/storage, includes vacant corner lot, and one additional vacant parcel. Re: President's Square, 000 Roosevelt, Ormond Beach, Florida, Proof of funds;
$250,000, 48 notice required. 274 Roosevelt Drive A, Ormond Beach, FL 32174
Duplex21occupied540
274 Roosevelt Drive B, Ormond Beach, FL 32174
Duplex 21occupied540
278 Roosevelt Drive A, Ormond Beach, FL 32174
Duplex21occupied635
278 Roosevelt Drive B, Ormond Beach, FL 32174
Duplex21occupied525
279 Roosevelt Drive, Ormond Beach, FL 32174
SFR31occupied905
283 Roosevelt Drive, Ormond Beach, FL 32174
SFR31occupied850
288 Roosevelt Drive, Ormond Beach, FL 32174
Vacant Land00
299 Roosevelt Drive, Ormond Beach, FL 32174
SFR32occupied875
300 Roosevelt Drive, Ormond Beach, FL 32174
SFR31vacant 0
305 Roosevelt Drive, Ormond Beach, FL 32174
SFR31occupied895
306 Roosevelt Drive, Ormond Beach, FL 32174
SFR 21Occupied795
134 Fairview Avenue A, Ormond Beach, FL 32174
Duplex21occupied$725
134 Fairview Avenue B, Ormond Beach, FL 32174
Duplex21occupied$725
290 Grove Street, Ormond Beach, FL 32174
Duplex21occupied750
292 Grove Street, Ormond Beach, FL 32174
Duplex21occupied700
265 S Washington Street, Ormond Beach, FL 32174
Vacant Land0
275 S Washington Street A, Ormond Beach, FL 32174
Duplex21occupied530
275 S Washington Street B, Ormond Beach, FL 32174
Duplex21occupied560
279 S Washington Street A, Ormond Beach, FL 32174
Duplex21occupied695
279 S Washington Street B, Ormond Beach, FL 32174
Duplex21occupied710
283 S Washington Street A, Ormond Beach, FL 32174
Duplex21occupied550
283 S Washington Street B, Ormond Beach, FL 32174
Duplex21occupied598

Last Agent to Sell the Property

Jeanne Fish

DLP Realty License #3245263 Listed on: 12/07/2017

Last Buyer's Agent

Jeff Weinert

Marlin Realty Group License #3066533

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,600

Year Built

  • Built in 1958

Lot Details

  • 6,098

Parking

  • Off-Street Parking

Home Design

  • 15,191 Sq Ft Home
  • Concrete Block And Stucco Construction
  • Block And Beam Construction

Additional Features

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

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • The owner pays for grounds care, management, taxes
  • Assessor Parcel Number 4222-20-00-0180

Community Details

Overview

  • 20 Units
  • Roosevelt Park Subdivision
  • On-Site Maintenance

Building Details

  • Gross Income $12,083
  • Net Operating Income $119,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,600

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size: 86310
  • Subdivision Name: Roosevelt Park
  • Directions: Granada S on s ridgewood and then right on fairway then left on roosevelt
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1958
  • Reso Property Type: ResidentialIncome
  • Appliances Refrigerators: Yes
  • Sewer:Public Sewer: Yes
  • General Property Information Lot Size Dimensions: 86310
  • Location Tax and Legal:Parcel Number: 4222-20-00-0180
  • Location Tax and Legal:Tax Annual Amount: 14600.0
  • Location Tax and Legal:Tax Year: 2017
  • Water Source:Public: Yes
  • Cooling WallWindow Unit(s): Yes
  • Owner Pays:Grounds Care: Yes
  • General Property Information Number Of Units Total2: 20.0
  • Unit 1 Details Furnished3: Unfurnished
  • Unit 2 Details Furnished4: Unfurnished
  • Unit 3 Details Furnished5: Unfurnished
  • Gross Scheduled Income: 145000.0
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Owner Pays: Grounds Care, Management, Taxes
  • Total Bedrooms: 45
  • Living Area: 15191.0
  • Appliances:Electric Range: Yes

Exterior Features

  • Lot Features: Other
  • Construction Type: Block, Concrete
  • Roof: Other
  • Construction Materials:Block: Yes
  • Construction Materials:Concrete: Yes
  • Lot Features:Other18: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • 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: Mixed Use
  • Parcel #: 4222-20-00-0180

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Number Of Units Total: 20
  • Annual Gross Income: 12083.0
  • Property Net Operating Income: 119000.0

Tax Info

  • Tax Annual Amount: 14600.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2017
Closed on
Mar 29, 2018
Sold by
Two Of A Kind Properties Llc
Bought by
Daycap Holdings Llc
Seller's Agent
Jeanne Fish
DLP Realty
Buyer's Agent
Jeff Weinert
Marlin Realty Group
List Price
$1,020,000
Sold Price
$1,020,000
Current Estimated Value
$202,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$818,000
Avg. Annual Appreciation
-18.83%
Original Mortgage
$714,000
Outstanding Balance
$607,825
Interest Rate
4.38%
Mortgage Type
Commercial
Estimated Equity
-$405,825
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Daycap Holdings Llc $1,020,000 Columbia Title Research Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daycap Holdings Llc $714,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2018 03/29/18 Sold $1,020,000 0.0% $67 / Sq Ft
01/18/2018 01/18/18 Pending -- -- --
12/07/2017 12/07/17 For Sale $1,020,000 -- $67 / 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 $1,544 $94,356 $27,483 $66,873
2025 $1,544 $94,356 $27,483 $66,873
2024 $1,446 $92,592 $27,483 $65,109
2023 $1,446 $89,683 $27,483 $62,200
2022 $1,326 $82,716 $27,483 $55,233
2021 $1,280 $72,742 $27,167 $45,575
2020 $1,271 $72,197 $27,167 $45,030
2019 $1,231 $69,368 $24,381 $44,987
2018 $1,061 $62,814 $17,010 $45,804
2017 $980 $52,866 $12,758 $40,108
2016 $911 $46,024 $0 $0
2015 $917 $44,529 $0 $0
2014 $933 $45,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jeanne Fish

    DLP Realty

  • Jeff Weinert

    Buyer's Agent in 2018

    Jeff Weinert

    Marlin Realty Group

    (386) 566-9290

    15 Total Sales

    Jeff Weinert
    Section Image

  • J

    Buyer's Agent in 2018

    Jeffrey Weinert

    Coastal Properties Sales Mgt Development

See All Agents

Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1036822

Daytona Beach Area Association of REALTORS®

APN: 4222-20-00-0180

Florida Volusia County Ormond Beach 32174

299 Roosevelt Park, Ormond Beach, FL

Not Listed for Sale

MultiFamily

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