NOT LISTED FOR SALE
20 Beds
-- Baths
8,648 Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: December 6, 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

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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

0.31 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2022
Sold by
325 Holly Hill Llc
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Outstanding Balance
$789,588
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 8, 2019
Closed on
Dec 6, 2019
Sold by
Jrn Properties Llc
Bought by
325 Holly Hill Llc
Seller's Agent
Byron Hebert
24/7 Florida Realty
Buyer's Agent
Karen Nelson
Nonmember office
List Price
$875,000
Sold Price
$875,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2016
Sold by
Sarogini Lllc
Bought by
Jrn Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,000
Interest Rate
3.66%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 15, 2011
Sold by
Harripersaud Richie and Harripersaud Marlene
Bought by
Sarogini Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Interest Rate
4.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2002
Sold by
Rampersad Milton
Bought by
Harripersaud Richie and Harripersaud Parmanand

Purchase Details

Closed on
Aug 18, 1999
Sold by
Rampersad Milton and Mohammed Rea
Bought by
Rampersad Milton

Purchase Details

Closed on
Mar 15, 1979
Bought by
Jrn Properties Llc

Purchase Details

Closed on
May 15, 1972
Bought by
Jrn Properties Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,450,000 National Title Solutions
325 Holly Hill Llc $875,000 Southern Title Hldg Co Llc
Jrn Properties Llc $554,000 Southern Title Holding Compa
Sarogini Llc $410,000 Aaa Title Agency & Escrow Se
Harripersaud Richie $320,000 --
Rampersad Milton -- --
Jrn Properties Llc $258,000 --
Jrn Properties Llc $6,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $830,000
Previous Owner 325 Holly Hill Llc $656,250
Previous Owner Jrn Properties Llc $373,000
Previous Owner Sarogini Llc $307,500
Previous Owner Rampersad Milton $40,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,086 $928,134 $240,000 $688,134
2025 $17,086 $917,149 $240,000 $677,149
2024 $21,239 $1,141,244 $180,000 $961,244
2023 $21,239 $1,122,778 $144,000 $978,778
2022 $15,342 $775,067 $132,000 $643,067
2021 $15,220 $728,763 $114,000 $614,763
2020 $15,119 $734,631 $114,000 $620,631
2019 $11,203 $538,202 $48,000 $490,202
2018 $11,121 $519,107 $48,000 $471,107
2017 $10,678 $475,548 $48,000 $427,548
2016 $7,661 $323,828 $0 $0
2015 $7,530 $303,994 $0 $0
2014 $7,467 $301,661 $0 $0
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®
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