$5,690,000

1050 Wayne Avenue

NEW SMYRNA BEACH FL, 32168

Description

8 CAP! Across the street from the New Smyrna Beach Golf Course - Property was just recently fully renovated top to bottom 37 units -24 units 2 bed 1 bath apartments (older leases are $1095/m, new leases are $1195/m) and 13 units 3 bed 2 bath town-homes rent is $1295/m the new tenants and RE-leases Tenants pay an additional $125/m for water/sewer/cable/internet. Each 2/1 is approximately 1012 sq ft each and Each 3/2 is approximately 1250 sq ft each with a total of 40,538 total sq ft. Approximately 4.13 acres of land with 61 parking spaces for 6 buildings and an Extra Building pad to build a new building (8 units) value add position! All of these items are NEW: Roofs, Windows, Sliding Doors, Siding, Paint in and out, Bath and Kitchen cabinets, Granite counter tops, Appliances, Faucets, Carpet (upstairs), Vinyl (upstairs wet areas), Tile (downstairs), Sinks, Shower Valves, Common lighting, Repaved Parking Lot, Retention pond pump, Gutters, and Blinds. Most AC units new, Most new hot water heaters, Washer Dryer hookup in each unit. Recently new Certificate of Occupancy, Recently inspected by Fire Department and Building Officials. 97% Occupied.

Details

MLS#O5769726
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1980
Days On Site447

Features

SQ Feet40,538
Units37
Building(s)6
Property ViewYes

Market Activity 32168

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Area Information

StateFL
CountyVolusia
CityNEW SMYRNA BEACH
Zip Code32168
Area32168 - New Smyrna Beach
Listing VS Median (in 32168)
Price:
$5,690,000
low | high
Med:
$249,996
100% of Average
SqFt:
40,538
low | high
Med:
1,583
100% of Average
$ / SqFt:
$140
low | high
Med:
$158
37.206304915739% of Average
On Site:
447
low | high
Med:
172
100% of Average
Listing Updated: 05/30/2020
MLS Number: O5769726
Listing Provided By:
Matt Merdian  of  EMPIRE NETWORK REALTY

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