$940,000
$1,010,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
2,792 SqFt
SOLD DATE : 08/30/2024
Key Details
Sold Price $940,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,792 sqft
Price per Sqft $336
Subdivision Smiths D P New Smyrna
MLS Listing ID NS1080603
Sold Date 08/30/24
Bedrooms 7
Full Baths 5
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1920
Annual Tax Amount $5,523
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x119
Property Description
Welcome to the epitome of downtown living in New Smyrna Beach, where luxury and investment potential seamlessly merge. Nestled downtown on Rush Street in the bed-and-breakfast overlay, this multifamily gem is a testament to meticulous renovation and prime location. The property features a front house with four distinct apartments, providing a diverse mix of living spaces catering to various preferences.
The front house includes two one-bedroom apartments and two two-bedroom apartments, ensuring versatility for tenants seeking different configurations. In addition to the front house, there is an additional studio cottage on the property, allowing for a fifth unit to be rented as well. The layout maximizes privacy and convenience, with each unit equipped with its own meter for utilities and dedicated washer and dryer hookups. This thoughtful design adds a layer of independence for residents and makes this property an ideal investment for both short-term and long-term rental opportunities. A standout feature of this multifamily home is its adherence to high-quality craftsmanship, with no expense spared during the $450,000 renovation. Rain engineering ensures the structural integrity of the property, making it resilient against the coastal climate. Inside, every detail has been carefully considered – from all-new flooring to cabinets and quartz countertops throughout. The result is a harmonious blend of modern aesthetics and functionality, making this property a turnkey investment opportunity.
Tucked away in the heart of downtown New Smyrna Beach, this multifamily home not only promises an exceptional return on investment but also offers a chance to be part of a vibrant community. With the flexibility of short-term rentals allowed, this property opens the door to a lucrative income stream, attracting both tourists and long-term tenants alike. Don't miss the chance to own a piece of urban paradise where luxury, location, and investment potential converge.
Location
State FL
County Volusia
Community Smiths D P New Smyrna
Zoning 10R5
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Central Air
Flooring Luxury Vinyl
Fireplace false
Appliance Microwave, Range, Refrigerator
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Other
Utilities Available Electricity Connected, Water Connected
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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