440 S Caroline St
Daytona, FL 32114
MLS# A12066391
Property Details
Bedrooms
Bathrooms
Square Feet
—
Year Built
—
Property Type
Land/Boat Docks
Status
Active
Description
The property is ideally located less than 10 minutes from the beach and in close proximity to major thoroughfares including I-95 and Hwy A1A. It’s also near Daytona Beach International Airport, Daytona State College, Bethune-Cookman University, and top-rated schools such as Spruce Creek High and Tomoka Elementary. This offering presents a significant opportunity to develop a new rental property with strong income potential ( 7.5% cap rate) in a desirable, well-connected location. The owner is including the architectural concept design approved by the authorities. PROPOSED PROJECT TO BE DONE IN THE LAND: 8 APARTMENTS FEASIBILITY ANALYSIS: 8 apartments, Area per unit: 754 sqft, Total area of construction: 6,032 sqft, Cost per each sqft: $150 A 13.12% capitalization rate (cap rate) on a proposed project to be done in the land Available upon request. PRICE NEGOTIABLE
Interested in this property?
Similar Homes You May Like
724 GEORGE W ENGRAM Boulevard
, FL 32114
This is a rehab property. For more information Call Listing Agent.
Read moreThis listing is courtesy of Highlight Realty Corp.
317 Parkway St
Daytona, FL 32114
Welcome to your newly updated coastal retreat. Situated in a highly desirable Daytona Beach neighborhood, this charming 3-bedroom, 2-bathroom single-family home offers 1,400 square feet of comfortable, modernized living space perfectly tailored for the Florida lifestyle. Large…
Read moreThis listing is courtesy of VOICE REALTY GROUP LLC.
301 Country Club Oval # 8
Daytona, FL 32114
STUDIO FOR RENT AT LEGACY OVAL IN DAYTONA BEACH! PRIVATE BATHROOM and easy living. Located RIGHT ON US-1, just minutes from Embry-Riddle Aeronautical University, Daytona State College, and Bethune-Cookman University. Perfect for students seeking PRIVACY, CONVENIENCE, and…
Read moreThis listing is courtesy of The Keyes Company.
1208 S Ridgewood Ave
Daytona, FL 32114
RARE OPPORTUNITY! 60-UNIT VALUE-ADD MULTIFAMILY PORTFOLIO IN PRIME DAYTONA BEACH LOCATION WITH US-1 FRONTAGE! Income-producing asset featuring 60 UNITS across 9 BUILDINGS on 1.72 ACRES, offering IMMEDIATE CASHflow with significant upside potential. the property delivers strong…
Read moreThis listing is courtesy of The Keyes Company.
Own a home nearby? See what it may be worth
Get a free, no-obligation valuation from a local Miami real estate expert.
Get Your Home ValuationGet new listings in 32114
Register for updates on homes that match the area you are exploring.
Alert MeListing data updated