LOT SIZE 0.740 acres
MLS#A12066391
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONDAYTONA GARDENS PLAT 6
Property Description
The property is ideally located less than 10 minutes from the beach and in close proximity to major thoroughfares including I-95 and Hwy A1A. Its also near Daytona Beach International Airport, Daytona State College, Bethune-Cookman University, and top-rated schools such as Spruce Creek High and Tomoka Elementary. This offering presents a significant opportunity to develop a new rental property with strong income potential ( 7.5% cap rate) in a desirable, well-connected location. The owner is including the architectural concept design approved by the authorities. PROPOSED PROJECT TO BE DONE IN THE LAND: 8 APARTMENTSFEASIBILITY ANALYSIS:8 apartments, Area per unit: 754 sqft, Total area of construction: 6,032 sqft, Cost per each sqft: $150A 13.12% capitalization rate (cap rate) on a proposed project to be done in the landAvailable upon request
Property Features
Property Type: Land - Residential
Lot Size: 0.74 Acres
Taxes: $1,024
Feature Descriptions
Crops Included Y/N: No
Days on Site: 1
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: All Cash, Conventional, Owner Will Carry
Lot: 3/4 To Less Than 1 Acre Lot, No Misc/Improvements
Parcel#: 523907420120
Property Attached Y/N: No
Water: Municipal Water
Listed By / Shown By
Listed By
Agency Name: SFRMC Realty
Agency Phone: 305-915-8210
Shown By
Agent Name: Prasad Telavane
Agent Phone:
Agency Title: Realty 100
Estimate Your Payment
Estimated Payment
$ 903.43 per month $723.31 Principal & Interest $85.33 Property Tax $94.79 Homeowner's InsuranceChange Payment Information
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440 S Caroline St | MLS# A12066391
This land located at 440 S Caroline St , Daytona, FL 32114 is currently listed for sale with an asking price of $325,000. The property has approximately 0.74 Acres. Search Daytona real estate on ptelavane.realty100.com today.