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115 S Grandview AVENUE, Daytona Beach, FL, 32118 | $419,000
INVESTOR ALERT! 2700 HEATED SQUARE FEET! Seize this rare opportunity to own an apartment building just one block from the beach at 115 S Grandview, Daytona Beach! This property is perfectly positioned near shopping and dining, offering convenience and a fantastic coastal lifestyle. The building is well-maintained and comprises a mix of units: one 2-bedroom, two 1-bedrooms, and one studio. All units have been remodeled, with the top two featuring full tiling, updated bathrooms, and modern kitchens. The lower-level units boast vinyl flooring, renovated kitchens and bathrooms, new light fixtures, and ceiling fans. Each unit is equipped with two window A/C units. With four electric meters in place, tenants cover their own electricity costs. The building has a brand-new roof for added peace of mind.
Important Note on Square Footage:
While the property is licensed as a quad, counting the two bottom/back units (one 1-bedroom and one studio), it is zoned as a single-family dwelling, which excludes the basement from the official square footage count. Officially listed at 1, 800 sq ft, the usable space actually totals an impressive 2, 700 sq ft. This discrepancy highlights typical local zoning complexities but speaks to the true potential of this property. Don’t miss out on this prime investment opportunity!
Features
- Bedrooms: 2
- Units: 1
- Laundry: Other
- Year Built: 1920
- Heating: Central
- Cooling: Wall/Window Unit(s)
- Approx Sq. Feet: 2,700
- Acreage: 0.11
- Est. Taxes: $5,427
- MLS#: O6240310
- Days on Market: 53 days
- Website: https://www.raveis.com
/prop/O6240310/115sgrandviewavenue_daytonabeach_fl?source=qrflyer
Listing courtesy of EXP Realty LLC Phone: 888-883-8509
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
115 S Grandview AVENUE, Daytona Beach, FL, 32118
$419,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $335,200 | $335,200 | $335,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
| Monthly Tax Payment | $452 | $452 | $452 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,230 | $2,228 | $2,874 |
| Total Monthly Payment | $2,757 | $2,755 | $3,401 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388