440 S CAROLINE STREET DAYTONA BEACH FL 32114 MLS #V4937714

440 S CAROLINE STREET
DAYTONA BEACH, FL, 32114
$325,000
Beds
0 Baths
0 SqFt
0.75 Acres
Add
Multifamily zoned lot for development. Just 1 block from popular Nova Road. Close to Beach, colleges, airport and more. Income potential for investor/developer. Seller will include architectural design to build 11 TOWNHOMES with 24 parking spaces. Each unit has 2 bedrooms and 1 1/2 bathrooms Estimated cost to build the project it’s around $1.9 million (land included), and the property value after construction and rented over $4 Million. There is huge upside potential here. Since apartments would be new, it will have a very low expenses/ maintenance and the cap rate could be very high (8.98%) Values are estimated will change according to market conditions. General description of potential project, buyer must verify all zoning and construction expenses.

Property Details

Price:
$325,000
MLS #:
V4937714
Status:
Active
Beds:
0
Baths:
0
Address:
440 S CAROLINE STREET
Type:
Land
Subdivision:
DAYTONA GARDENS 06
Neighborhood:
32114 – Daytona Beach
City:
DAYTONA BEACH
Listed Date:
Jul 31, 2024
State:
FL
ZIP:
32114
Lot Size:
32,480 sqft / 0.75 acres (approx)
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Exterior

Financial

Tax Year
2023
Taxes
$946

Map

Community

Similar Listings Nearby

440 S CAROLINE STREET
DAYTONA BEACH, FL