NOT LISTED FOR SALE

325 8th St Holly Hill, FL 32117

20 Beds
-- Bath
8,648 Sq Ft
0.31 Acres

Last Sold December 06, 2019

Last sale price $875,000 $101 Per Sq Ft

82 Days on Market

Highlights

  • Corner Lot
  • Multiple cooling system units
  • Central Heating and Cooling System

About This Home

As of December 2019

Excellent stabilized investment property. Professionally managed apartment building with historically 100% occupancy. Building is in excellent shape and has no deferred maintenance, 7 of the 12 units have been updated with new kitchens, vanities, doors, lighting fixtures and tile. Building is concrete block construction with shingle pitched roof, which is ideal for holding this building long term. 10 of the 12 units have all tile floors, 2 have a mix of tile and carpet. 8 units are 2 bed 1 bath units with a nice open kitchen living room concept. 4 units are 1 bed 1 bath units, that also feature a nice floor plan. Plenty of parking spots for the tenants. Building is located near public transportation and an ideal location near many sources of employment. Building is approximately 1600 feet feet from the Halifax River, 6 minutes to the beach. The Daytona Beach area is home to numerous colleges and flight schools, all of which are in close proximity to this building, which provides for an increased number of potential tenants. Additional details and financials can be released with signed non-disclosure agreement.

Last Agent to Sell the Property

Byron Hebert

24/7 Florida Realty Listed on: 07/08/2019

Last Buyer's Agent

Karen Nelson

Nonmember office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,121

Year Built

  • Built in 1973

Lot Details

  • 0.31

Home Design

  • 8,648 Sq Ft Home
  • Shingle Roof
  • Concrete Block And Stucco Construction
  • Block And Beam Construction

Parking

  • 14 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • 220 Volts
  • 200+ Amp Service

Additional Features

  • Electric Range
  • 20 Bedrooms
  • Corner Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for exterior maintenance, grounds care, insurance, management, taxes, trash collection, water
  • Assessor Parcel Number 5337-01-00-0990

Community Details

Overview

  • 12 Units
  • Pine Crest Subdivision
  • On-Site Maintenance

Building Details

  • Gross Income $9,215
  • Net Operating Income $74,517

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,121

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size: 13804
  • Subdivision Name: Pine Crest
  • Directions: US1 & Mason, north on US1, West on 8th street, building at corner of 8th and State.
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1973
  • Reso Property Type: ResidentialIncome
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • General Property Information Lot Size Dimensions: 13804
  • Location Tax and Legal:Parcel Number: 5337-01-00-0990
  • Location Tax and Legal:Tax Annual Amount: 11121.0
  • Location Tax and Legal:Tax Year: 2018
  • Cooling:Central Air: Yes
  • Water Source:Public: Yes
  • Cooling:Multi Units: Yes
  • Owner Pays Trash Collection: Yes
  • Owner Pays Water4: Yes
  • Owner Pays:Exterior Maintenance: Yes
  • Owner Pays:Grounds Care: Yes
  • General Property Information Number Of Units Total2: 12.0
  • Unit 1 Details Furnished3: Unfurnished
  • Unit 2 Details Furnished4: Unfurnished
  • Gross Scheduled Income: 110580.0
  • Electric 200 Amp Service: Yes
  • Electric 220 Volts: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Management, Taxes, Trash Collection, Water
  • Total Bedrooms: 20
  • Living Area: 8648.0
  • Appliances:Electric Range: Yes

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Block, Concrete
  • Roof: Shingle
  • Construction Materials:Block: Yes
  • Construction Materials:Concrete: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Parking Lot
  • Total Parking Spaces: 14.0
  • Parking Features:Parking Lot: Yes
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air, Multi Units
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, 220 Volts
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Lot Info

  • Current Use: Multi-Family
  • Parcel #: 5337-01-00-0990

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 9215.0
  • Property Net Operating Income: 74517.0

Tax Info

  • Tax Annual Amount: 11121.0
  • Tax Year: 2018

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 Change Sq Ft Price
12/06/2019 12/06/19 Sold $875,000 0.0% $101 / Sq Ft
09/28/2019 09/28/19 Pending -- -- --
07/08/2019 07/08/19 For Sale $875,000 -- $101 / Sq Ft
Source: Daytona Beach Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1059691

Daytona Beach Area Association of REALTORS®