700 DAYTONA AVENUE DAYTONA BEACH FL 32117 MLS #OM684774

OPPORTUNITY AWAITS!! THIS AMAZING CASH COW RENTAL PROPERTY IS EXACTLY WHAT INVESTORS DREAM OF.. LOCATED 1 BLOCK FROM THE HALIFAX RIVER/INTRACOASTAL WATERWAYS. IT IS RIGHT IN THE HEART OF DAYTONA BEACH AND GREATER BEACHES AREA.. THIS PROPERTY CHECKS OFF ALL THE BELLS AND WHISTLES.. IT IS A HISTORIC PROPERTY AND HAS A RICH HISTORY AS THE FIRST HOSPITAL IN TO BE ERECTED IN HOLLY HILL FL. IT WAS BUILT IN 1935 AND LATER TURNED INTO A ELDERLY NURSING FACILITY IN 1950. HOLLY HILLS FL IS A SUBDIVISION WITH A RICH HISTORY IN THE GREATER DAYTONA BEACH AREA.. IF YOU GOOGLE MEAHL HOSPITAL HOLLY HILL FL. THERE ARE TONS OF ARTICLE COMMEMORATING THE AREA AND THIS PROPERTY.. IT IS ALSO PART OF THE NATIONAL HISTORIC SOCIETY AND PART OF FLORIDA’S HISTORY.. THE PROPERTY CURRENTLY HAS 3 STRUCTURES ONSITE AND IS USED AS A ROOMING HOUSE.. THE MAIN BUILDING IS OVER 2740 SQFT. WITH 7 BEDROOMS AND 2 1/2 BATHROOMS.. EACH ROOM IS RENTED OUT AND IS CURRENTLY BRINGING IN $4520 MONTHLY.. ALSO THERE IS A TINY HOUSE AND A COTTAGE. THE TINY HOUSE WAS BUILT IN 2018 AND IS BEING USED AS AN OFFICE/ LIVING QUARTERS FOR THE PROPERTY MANAGER.. THE TINY HOUSE HAS A FULL KITCHEN, FULL BATHROOM, LIVING ROOM AND LOFT FOR A SLEEPING AREA.. THE COTTAGE NEEDS SOME TLC BUT HAS TONS OF POTENTIAL. THE OWNER PUT ON A NEW METAL ROOF IN 2018, NEW EXTERIOR PAINT AND NEW HURRICANE IMPACT WINDOWS ON THE COTTAGE, IT IS CURRENTLY VACANT BUT WITH SOME UPGRADES THE COTTAGE COULD BE OPERATIONAL AND BRINGING IN MORE INCOME.. BETWEEN THE COTTAGE AND THE TINY HOUSE YOU COULD ADD AN ADDITIONAL $2000-2200 A MONTH IN GROSS INCOME.. THE MAIN BUILDING ALSO HAS SOME RECENT UPGRADES A NEW ROOF, NEW GUTTERS, NEW PAINT, 1/3 OF THE BUILDING HAS HURRICANE IMPACT WINDOWS AND NEW TILE FLOORING… THERE IS TONS OF POTENTIAL, YOU COULD POSSIBLY CONVERT THE PROPERTY BACK TO A HOSPITAL/ASSISTED LIVING FACILITY BASED ON THE ZONING AND ITS HISTORIC DESIGNATION. CURRENTLY THE OWNER PAYS FOR WATER, ELECTRICITY AND GAS WHICH OPERATES THE DRYER, STOVE AND WATER HEATER.. THIS PROPERTY IS CENTRALLY LOCATED AND CLOSE TO THE BEACH, HARD ROCK HOTEL AND EVERYTHING DAYTONA BEACH HAS TO OFFER. THIS SERENE ATMOSPHERE AND BEAUTIFUL WEATHER IS EXACTLY WHAT THE DOCTOR ORDERED. DON’T LET THIS AMAZING OPPORTUNITY PASS YOU BY. CALL NOW….