547 Division St
Daytona, FL 32114
1101 sqft | 3 beds | 2 baths | #A11609028
Description
Investor Alert! Consider this fix-and-flip or fix-and-hold opportunity, yielding $2,052/month as per HUD (Section 8) for a single-family residence. With Section 8, expect a 15% annual increase in rental income. A three-bedroom, two-bathroom house in Daytona Beach presents an excellent rehab prospect. Offered at $93.81/sq ft, the property's estimated ARV post-renovation stands at $225,000. It requires a new roof (see attached estimate) and has an encroachment issue (see attached survey). Estimated repairs are $40,000, with a total investment of $140,000, leading to $85,000 of instant equity. Terms are cash only, and the encroachment will remain. Anticipate a 10% cap rate on your investment or opt for refinancing and cash out. This is a unique opportunity to become involved.
Interior Details
- InteriorFirst Floor Entry, No Additional Rooms
Beds & Baths
- Bedrooms3
- Bathrooms2
- Full Baths2
Property Details
- Lot DescriptionLess Than 1/4 Acre Lot
- ViewGarden
Measurements
- Square Feet1101
Parking
- Parking TypeAttached Carport, Covered, Driveway, Rv/Boat Parking
Construction Details
- Property TypePurchase
Condition
- Year Built1929
Utilities / Energy Details
- Utility SourceMunicipal Water
- Sewer InformationPublic Sewer
Community and Neighborhood Details
- SubdivisionDaytona
Location
- CountyVolusia County
Restrictions
- Pets1
Other
- MLS #A11609028
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Last Updated: . Source: MAOR
Listing Courtesy
Listing Agent: Michael Aversano (#3133415)
Listing Office: One Key Realty (#ONEY01)
Listing Courtesy (Buyer)
Buyer's Agent: Michael Aversano (#3133415)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
