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Nestled in the heart of New Smyrna Beach, a community renowned for its stunning shoreline and active marketplace, this property offers a unique prospect for both investors and future residents. Located just a short stroll from the energetic Canal Street, with a picturesque vantage point overlooking the Intercoastal and Beach, this 4-plex, consisting of two buildings with 1,056 square feet per unit, perfectly captures the essence of accessible coastal living. The property includes four income-generating units and has a strong history as an Airbnb rental, proving its value as a reliable source of income. New Smyrna Beach is home to a varied and talented workforce, with professionals in fields such as engineering, IT, healthcare, and finance, creating a rich landscape of opportunity. Spanning both the mainland and beachside areas, this property provides the benefits of urban convenience while still enjoying the peacefulness of coastal life. With a cap rate exceeding 8%, this 4-plex presents a compelling investment in today's market. Whether you're seeking a profitable addition to your portfolio or a serene coastal escape, this property delivers both financial rewards and an enviable lifestyle in the desirable New Smyrna Beach area.
| DAYS ON MARKET | 29 | LAST UPDATED | 9/4/2024 |
|---|---|---|---|
| TRACT | E K LOWDS SUB | YEAR BUILT | 1991 |
| COMMUNITY | 32168 - New Smyrna Beach | COUNTY | Volusia |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Chisholm Elem |
|---|---|
| Jr. High School | New Smyrna Beach Middl |
| High School | New Smyrna Beach High |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Disposal, Microwave, Other, Range Hood, Refrigerator |
| AREA | 32168 - New Smyrna Beach |
| CONSTRUCTION | Block, Other, Wood Siding |
| EXTERIOR | Balcony, Lighting, Other |
| HEAT | Central |
| INTERIOR | Open Floorplan, Other |
| LOT | 2 acre(s) |
| LOT DESCRIPTION | Cul-de-sac |
| PARKING | Driveway, Off Street, On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | E K LOWDS SUB |
| TAXES | 6185 |
| UTILITIES | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Other, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
| WATER | Public |
| WATER ACCESS | N/A |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Jonathan Brown, PINEYWOODS REALTY LLC, 813-225-1890
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 9/27/24 5:30 PM PDT.
This IDX solution is (c) Diverse Solutions 2024.