1830 S Clyde Morris Boulevard 40, Daytona Beach, FL 32119
$5,000,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
176,418
Status:
Closed
Current Price:
$5,000,000
List Date:
9/08/2021
Last Modified:
9/28/2024
Description
50 unit garden multifamily property consisting of 6 buildings built in 1987. Amenities include two laundry facilities and 100 parking spaces (2 per unit). All units have individually metered water and electricity.
Excellent historical occupancy in high demand rental area.
19, one bedroom apartments (1 currently used as an office). 30, two bedroom apartments.
Property is serviced by city water and city sewer. Possibility of expansion.
Add value by passing on expenses to tenants (cable expense) and increasing rents.
Supported by large employment base and excellent access to I-95 & I-4.
More Information MLS# 1088313
General Property Information
Lot Size Acres: 4.05
Number Of Units Total: 50
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Daytona Beach area, conveniently located on Clyde Morris Boulevard
Public Remarks: 50 unit garden multifamily property consisting of 6 buildings built in 1987. Amenities include two laundry facilities and 100 parking spaces (2 per unit). All units have individually metered water and electricity.
Excellent historical occupancy in high demand rental area.
19, one bedroom apartments (1 currently used as an office). 30, two bedroom apartments.
Property is serviced by city water and city sewer. Possibility of expansion.
Add value by passing on expenses to tenants (cable expense) and increasing rents.
Supported by large employment base and excellent access to I-95 & I-4.
Year Built: 1987
Location, Tax, and Legal
Country: US
Parcel Number: 5331-00-03-0200
Tax Annual Amount: 40751
Tax Year: 2020
Tax Legal Description: 31 15 33 N 2/3 OF S 1/2 OF LOT 3 LYING W OF CLYDE MORRIS BLVD PER OR 1736 PG 63 PER OR 4338 PG 3789
Currently Not Used
Unit Number: 40
Year Built: 1987
Current Use
Commercial: 1
Multi-Family: 1
Business Type
Commercial: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Bldg Type/Location: Free Standing; SqFt - Total: 38400.00; Confidential Listing: N; % Occupancy: 93.00; Commercial Property Name: Morristown; Franchise Opt In: No
Contract Information
Current Price: $5,000,000
Sold Price: $5,000,000
Status: Closed
Listing Contract Date: 2021-09-08
Property Sub Type: Business
Location Tax and Legal
Street Number: 1830
Street Direction Prefix: S
Street Name: Clyde Morris
Street Suffix: Boulevard
County: Volusia
State: FL
Postal Code: 32119
MLS Area Major: 25 - Daytona S of Beville, E of Nova
Status Change Information
Major Change Timestamp: 2021-10-29T13:51:00Z
Major Change Type: Status Change
Purchase Contract Date: 2021-09-08
Close Date: 2021-10-29
Close Price: 5000000
Property Features
Business Type: Commercial
Current Use: Commercial; Multi-Family
Sale Includes: Building & Land
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.