300 S Orange StreetNew Smyrna Beach, FL 32168MLS Number NS1081242

  • Price: $565,000
  • Est. Mortgage of $/month
  • 36 Days on Market
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168300 S Orange Street New Smyrna Beach FL 32168
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  • 0.09Acreage
  • 1912Year Built
  • 2,661Square Feet
**Investment Opportunity: Short-term rental and MIXED USE zoning. Partially Updated 1920s Multi-Family Property in the Downtown Canal Street Historic District of New Smyrna Beach, Florida. Discover the potential of this unique multi-family dwelling originating from the vibrant 1920s, located in the sought-after downtown district of a thriving beach community. This property blends historical charm with partial modern updates, offering a solid foundation for future enhancements and significant rental income possibilities. **Property Features:** - **Four Rental Units with a mix of one- and two-bedroom apartments, catering to a diverse rental market. There are three units in the main dwelling. Unit 1: Fully updated in 2018, has one bedroom and one bathroom. Unit 2 is the entire 2nd floor (unfinished) and boasts two bedrooms and two full bathrooms with clawfoot tubs. Unit 3 has one-two bedrooms and one bathroom. Unit 4 which is an efficiency unit that was fully renovated in 2018. - **Partial Updates Completed:** The current owners have invested over $100k in property upgrades, to include an entire roof replacement and reinforced foundation. Two of the four rental units have been renovated featuring new floors, updated bathrooms, and newer appliances. These enhancements have been designed to retain the historic charm while providing the conveniences that today's tenants demand. - **Exterior and Unit Upgrades Needed:** The property requires further updates to two units and some cosmetic improvements to the exterior, presenting a fantastic opportunity for an investor to add value and maximize return on investment. - **Community and Outdoor Spaces:** Tenants can enjoy the communal outdoor areas and the proximity to local amenities including parks, shops, and dining. 2 blocks from bustling Canal Street and 1.9 miles from the beach! - **Investment with Upside:** With its prime location and partial updates, this property is ideally positioned for an investor looking to capitalize on the booming rental market in a beach community. This property could also pair well with the proximity of the hospital as a housing option for traveling medical staff. The potential for future rent increases post-renovation makes this an appealing option for those looking to expand their portfolio.
Listing Courtesy of SMITH REALTY AND ASSOC INC

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More Info

Location Information

  • Road Frontage DescriptionAsphalt

Basic Information

  • Property SubTypeQuadruplex
  • Special Listing Conditions None
  • Total Actual Rent $2,200
  • Virtual TourView Tour

Property

  • MFR Building Area Total Srch Sq M275
  • ZoningMU

Property Information

  • Acreage0.09
  • Building Area Total 2,964
  • Lot Size Square Feet 4,054
  • MFR Living Area Meters 247
  • MFR Lot Size Square Meters 377
  • MFR Total Acreage 0 to less than 1/4
  • Property Condition Fixer
  • Square Feet2,661

Basic Information

  • List Price$565,000
  • MLS NumberNS1081242
  • Mls Status Active
  • StatusACT

Building

  • Construction Materials HardiPlank Type, Wood Frame
  • Foundation Details Slab
  • Levels Two
  • RoofShingle
  • Units4
  • Year Built1912

Interior

  • Flooring
    • Carpet
    • Laminate
    • Luxury Vinyl
    • Tile
    • Vinyl
    • Wood

Water Body

  • MFR Water Access YN No
  • Water ViewNo

Tax Information

  • Tax Year 2023
  • Taxes$3,620

Location

  • Address300 S Orange Street
  • AreaNew Smyrna Beach
  • CountyVolusia
  • Exterior Features Sidewalk
  • StateFL
  • SubdivisionAndrews New Smyrna Resub Blk 29 Per
  • TownNew Smyrna Beach
  • Township 17
  • Zip32168

Utilities

  • Cooling Mini-Split Unit(s), Other, Wall/Window Unit(s)
  • Heating Wall Units / Window Unit
  • Laundry Features None
  • Sewer Public Sewer
  • Utilities Public
  • Water Source Public

Other

  • Building Area Source Public Records
  • Date Listed04/19/2024
  • Gross Income $26,400
  • MFR Annual Net Income $12,000
  • MFR Flood Zone Code X
  • MFR Flood Zone Date 2017-09-29
  • View Count8
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of May 24, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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