Price History
$290,000
7/31/2024
$325,000
9/4/2024
440 S Caroline STREET, Daytona Beach, FL, 32114
Multifamily zoned lot for development. Just 1 block from popular Nova Road. Close to Beach, colleges, airport and more. Income potential for investor/developer. Seller will include architectural design to build 11 TOWNHOMES with 24 parking spaces. Each unit has 2 bedrooms and 1 1/2 bathrooms Estimated cost to build the project it's around $1.9 million (land included), and the property value after construction and rented over $4 Million. There is huge upside potential here. Since apartments would be new, it will have a very low expenses/ maintenance and the cap rate could be very high (8.98%) Values are estimated will change according to market conditions. General description of potential project, buyer must verify all zoning and construction expenses.
Status:
Active
Type:
Lot / Acreage
Subdivision:
DAYTONA GARDENS 06
Lot Size:
203 x 160
Acreage:
0.75
Est. Taxes:
$946
Current Use
Residential
Utilities
Cable Available, Electricity Available, Fire Hydrant, Sewer Available, Water Available
Days on Market:
36
MLS #:
V4937714
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Re/max Signature Phone: 386-236-0760