3112 S Atlantic AVENUE, Daytona Beach Shores, FL, 32118 | $1,475,000

TURN-KEY READY PROPERTY!!! THREE INCOME-PRODUCING RENTAL UNITS & OFFICE SPACE FOR SALE!!! Located in the heart of Daytona Beach Shores, this GC1 - non-conforming residential property underwent a comprehensive transformation in 2023, ensuring every detail was addressed. The entire two buildings have been meticulously renovated from the ground up, featuring new electrical systems, plumbing, flooring, paint, fixtures, cabinets, kitchens, and bathrooms. This property includes approximately 631 sq ft of office space, ideal for various business uses or easily convertible into a fourth rental unit. Currently, there are three short-term income-producing residential rental units: two 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath unit, all meticulously renovated. The backyard has been transformed into a chic hub for relaxation, featuring a cozy fireplace where guests can unwind and enjoy the sunsets. Daytona Beach Shores is located in Volusia County Florida and is celebrated for its thriving business and tourism industry - and with this property zoned GC1 and GC2, there are endless opportunities to build upon the commercial tourism zoning that it offers! This property is just steps away from an array of shops and Publix grocery stores, restaurants, businesses, beaches, entertainment venues, and parks and attractions such as McElroy Park where you can exercise in the open gym, play pickleball, enjoy the dog park, or simply relax and take in the park's beauty. The property is also a short drive from the Daytona International Speedway, Convention Center, ballpark, and the new 30 million. Riverfront Esplanade, which spans a mile of Intracoastal waterway and is considered a premier gathering space and botanical garden. The vibrant community offers endless opportunities for both residents and visitors, making this a prime investment property.

Features

  • Rooms: 3
  • Bedrooms: 5
  • Baths: 3 full / 1 half
  • Laundry: Other
  • Year Built: 1949
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,401
  • Est. Taxes: $5,922
  • View: Water
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • MLS#: V4937523
  • Days on Market: 6 days
  • Website: https://www.raveis.com
    /eprop/V4937523/3112satlanticavenue_daytonabeachshores_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/24/2024 2:28:53 AM)
Listing courtesy of OCEANS LUXURY REALTY FULL SVC   Phone: 386-236-3700

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NMLS Mortgage Loan Originator ID 16953

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3112 S Atlantic AVENUE, Daytona Beach Shores, FL, 32118

$1,475,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,180,000 $1,180,000 $1,180,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.371% 6.348% 6.201%
Monthly Tax Payment $494 $494 $494
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,170 $7,265 $9,958
Total Monthly Payment $7,789 $7,884 $10,577

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.