1450 S Palmetto Avenue, Daytona Beach, FL 32114

$2,300,000
20
BD
20
BA
13,728
SqFt

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Sold Price
$2,300,000
List Price
$2,300,000
Status
Sold
Days on Market
20
Closing Date
May 16, 2024
MLS#
R4907511
Property Style
Multi-Family
Year Built
1987
Bedrooms
20
Bathrooms
20
Living Area
13,728
Lot Size
31,500
Acres
0.72
Total Acreage
1/2 to less than 1
Legal Subdivision Name
Country Club Harbor
MLS Area Major
Daytona Beach

Property Description

Sprucewood is right near the Daytona Beach Golf and Country Club and is composed of all one bedroom units measuring just under 700 SF each. The average in place rent is $1,115, most recent leases are at $1,150 and newly advertised leases are starting at $1,200 per month. The shingle pitched roof was replaced in 2021. While a property wide remodel was not the intention, a lighter $7,000 per unit has been spent as needed since 2020 on HVAC units, appliances, water heaters, cabinets, countertops, flooring, etc. Seller has another offering of 27 units available. See MLS #R4907510.

Additional Information

Taxes
$29083
Community Features
No Deed Restriction
Zoning
02T2
Interior Layout
Other
Interior Features
Other
Utilities
Other
Heating
Other
Air Conditioning
Other
Exterior Construction
Concrete
Exterior Features
Other
Roof
Shingle
Foundation
Other
Pool
No Pool
Flood Zone Code
0.2/AE
Parcel ID
534013000150
Legal Description
E 150 FT OF S 216.2 FT OF PLOT 15 COUNTRY CLUB HARBOR REPLAT MB 10 PG 173 PER OR 4514 PG 1027 PER OR 6801 PG 0802 PER OR 7098 PG 0843 PER OR 7596 PG 1344 PER OR 7944 PG 1168

Listing courtesy of BRG REALTY VENTURES.

Selling Office: BRG REALTY VENTURES.

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