Daytona Beach Flip with 160k Spread!

Volusia County, Daytona Beach, FL, 32118
Sold
Listed at: December 8th, 2023
Price
$409,900
ARV
$570,000
Gross Margin
$160,100
Sq. Footage
2179
Type
Single-Family
Parking
Attached Garage
Year build
1978
Lot size
0.35 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Where are my Daytona Beach buyers?! Have you seen deals with $160k spreads lately? This is a great house in a great location. Properties in the River Point neighborhood don't come up for sale too often. House will need a full rehab to get the right price but once completed this will be a showstopper. Living room has really high vaulted ceilings with a large fireplace and wood beams/ceiling, which will look killer once done correctly. Large master bedroom with walk-in closet. Property sits on a big corner lot and has a pool to cap off the beach vibe. AC is 2018. Roof age is unknown but according to the seller it is supposed to be around 10 years old. The river, beach, golf, tennis, pickle ball, dog park, Publix, drug store, bank, restaurants and more, are all within a short distance, most within a 15 min walk.

Comps:

-2836 S Atlantic Avenue: 4/2.5; 1,826sf; $585k

-2103 S Halifax Drive: 3/2; 2,112; NO POOL; $550k

-109 White Cap Avenue: 3/2; 1,487sf; NO POOL; $532k

-109 Demotte Ave: 3/2; 1,477sf; NO POOL; $600k

-138 Key Colony Court: 3/2; 1,857sf; NO POOL; Not Updated; $523k

-2579 E Coral Way: Pending at $750k; 4/3; 2,615sf; No Pool - This is not direct comp but it shows when a higher end property is done right this area can get into the $700s.

-Call 407-890-7789 -Zenn Homebuyers, LLC, or an affiliate, has this property under contract and holds an equitable interest in this property. This advertisement is for the sale of this equitable interest and contract assignment. -Sold As-Is for Cash or Private Lender Only -$10,000 non-refundable deposit is due at the time of contract assignment or signing of contract with Zenn Homebuyers, LLC. -Properties are sold As-Is with NO inspection period; Inspections must be made prior to offer. -Buyer pays all closing costs for both buyer and seller sides of the transaction. -ALL information provided including costs, rehab estimate, rental rate/return projections, ARV, square footage, etc must be independently verified. ALL data is based on opinion and estimates of Zenn Homebuyers, LLC, actual figures may vary. Square footages are taken from public records. -Risk of Loss: Real estate investment is speculative in nature and there is a risk of loss. The recipient of this information should carefully consider whether such investing is suitable for them. -NON-REPRESENTATION: Owners, members, and or employees hold a real estate license in the State of Florida. Any and all information provided is done for strictly informational purposes.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Zach Mitchell

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