$453,000
SOLD MAR 1, 2017

420 N Oleander Ave Daytona Beach, FL 32118

16 Beds
-- Bath
5,616 Sq Ft
0.43 Acres

Recently Sold

$81 Per Sq Ft

10 Days on Market

Highlights

  • Balcony
  • Zero Lot Line
  • Heating Available
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2023

Investors! This fully occupied 8 unit apartment building is just three short blocks to the Ocean Walk, and the “World’s most Famous Beach”! Separate entrance and exit drives, and large off street parking in rear. Roof was replaced in 9/2013 with a full transferable 10 year warranty on material and labor. Entire electrical service brought up to code in 12/2013. New 600 amp service with 9 brand new breaker boxes. Termite bond by Orkin to transfer to the new owner. All interiors have hardwood floors. 4 units have washer/dryer hookups. All window AC units bought new 18 months ago. 7 of the 8 units currently under lease. Caps @ almost 8.5% at list price! 48 hours’ notice to view any or all units. A signed Non-Disclosure agreement required to receive a copy of the rent roll and improvements. improvements.

Last Agent to Sell the Property

Paul Dunning

Tyler Property Management Full Service Listed on: 01/01/2017

Last Buyer's Agent

Tyler Renick

Realty Pros Assured

Realty Pros Assured

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,400

Year Built

  • Built in 1924

Home Design

  • 5,616 Sq Ft Home
  • Frame Construction
  • Shingle Roof
  • Stucco

Parking

  • 12 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • 220 Volts
  • 200+ Amp Service
  • Gas Available

Additional Features

  • Electric Range
  • 16 Bedrooms
  • Washer and Gas Dryer Hookup
  • Non-Toxic Pest Control
  • Balcony
  • Zero Lot Line

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for gas, grounds care, insurance, management, pest control, taxes, trash collection, water
  • Assessor Parcel Number 5305-06-00-0070

Community Details

Overview

  • 8 Units
  • On-Site Maintenance

Building Details

  • Gross Income $5,820
  • Net Operating Income $41,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,400

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size: 4500
  • Subdivision Name: Other
  • Directions: Mason eastbound over the Oakridge Bridge. Turn right on Oleander Ave.
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1924
  • Reso Property Type: ResidentialIncome
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • General Property Information Lot Size Dimensions: 4500
  • Location Tax and Legal:Parcel Number: 5305-06-00-0070
  • Location Tax and Legal:Tax Annual Amount: 8400.0
  • Location Tax and Legal:Tax Year: 2016
  • Water Source:Public: Yes
  • Cooling WallWindow Unit(s): Yes
  • Owner Pays Trash Collection: Yes
  • Owner Pays Water4: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Owner Pays:Grounds Care: Yes
  • Owner Pays Pest Control2: Yes
  • General Property Information Number Of Units Total2: 8.0
  • Unit 1 Details Furnished3: Unfurnished
  • Utilities Natural Gas Available: Yes
  • 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
  • Unit 7 Details Furnished9: Unfurnished
  • Unit 8 Details Furnished10: Unfurnished
  • Gross Scheduled Income: 69840.0
  • Laundry Features Gas Dryer Hookup: Yes
  • Electric:Fuses: Yes
  • Owner Pays Gas2: Yes
  • Electric 200 Amp Service: Yes
  • Electric 220 Volts: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Owner Pays: Gas, Grounds Care, Insurance, Management, Pest Control, Taxes, Trash Collection, Water
  • Total Bedrooms: 16
  • Living Area: 5616.0
  • Appliances:Electric Range: Yes

Exterior Features

  • Lot Features: Zero Lot Line
  • Construction Type: Frame, Stucco
  • Exterior Features: Balcony, Other
  • Roof: Shingle, Other
  • Construction Materials:Stucco: Yes
  • Lot Features:Zero Lot Line: Yes
  • Exterior Features:Balcony: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Parking Lot
  • Total Parking Spaces: 12.0
  • Parking Features:Parking Lot: Yes
  • Parking Features:Off Street: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, 220 Volts, Fuses
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
  • Heating:Electric3: Yes

Lot Info

  • Current Use: Multi-Family
  • Parcel #: 5305-06-00-0070

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 5820.0
  • Property Net Operating Income: 41420.0

Tax Info

  • Tax Annual Amount: 8400.0
  • Tax Year: 2016

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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
05/05/2023 05/05/23 Sold $1,099,500 0.0% $185 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $1,099,500 +78.8% $185 / Sq Ft
05/10/2019 05/10/19 Sold $615,000 0.0% $110 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $615,000 +35.8% $110 / Sq Ft
03/01/2017 03/01/17 Sold $453,000 0.0% $81 / Sq Ft
01/11/2017 01/11/17 Pending -- -- --
01/01/2017 01/01/17 For Sale $453,000 +9.2% $81 / Sq Ft
03/08/2013 03/08/13 Sold $415,000 0.0% $71 / Sq Ft
03/03/2013 03/03/13 Pending -- -- --
01/17/2013 01/17/13 For Sale $415,000 -- $71 / 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: 1024075

Daytona Beach Area Association of REALTORS®