Daytona Grand Slam Close to the Atlantic S Ridgewood Ave., Daytona Beach FL 32114
Historical district home zoned for residential/commercial/and as an income producing duplex on a double lot, leaves an investor plenty of options. Layout is as follows – Main part of home is 1960 sq ft 3/2 traditional home downstairs with an upstairs. The basement has it’s own entrance and is 750 sf. As a 2/1 rental, you could get $800+/mo as rental. You would just need to add a kitchenette. Finally, there is a 3rd portion of the house being rented for $600/mo to a tenant, on month to month. They would like to stay but can go too. As a rental option you can bring in an additional $100 a month from neighbor, who pays for his RV to be parked on the double lot In total, you are looking at a monthly income of $600 from the 1/1, 800-1000 from the basement, and 1400 from the main home for a combined income of around 3000 a month.
Alternatively, you could have everything under 1 umbrella as a residential flip. Property has newer AC, updated plumbing and electric, one part of the roof is within 3 years the other roof is 11 years old. New hot water heater. Original hardwood floors. Seller is willing to sell furnished. Funding grants may be available for repair costs for historical site designation. Come take a look today.