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Built in 1947, this charming home was expanded and renovated in 2019. It combines modern comforts with timeless beach cottage allure. Features a spacious primary suite, stunning kitchen, serene surroundings under oak trees, and a screened porch. Located on the North Peninsula, offering a beachside lifestyle. Unaffected by Hurricane Ian, this well-maintained home is move-in ready for its new owner.

Zoned MU (MULTIPLE USE/BUSINESS)

TURNKEY READY

🛌 4 BEDS (Sleeps 10)
🛀 2.5 BATH
🏠 2776SQ FT
🛠️ Year Built: 1947
🏠 Lot Size: .126 ACRES

New Roof and awnings 2022, New Kitchen 2019, Water Heater 2018, New Windows 2013, & Hall Bath 2016.

AREA

Walk to Flagler Avenue's many shops and dining venues.

Stroll to the beach or the river to enjoy all that New Smyrna Beach has to offer.


FINANCIALS

ARV: $808,000

TURNKEY
Purchase Price: $659,000
HOA: No HOA
Yearly Taxes on property: $2100

SHORT TERM RENTAL

GROSS INCOME: $89,425
NOI: $79,425
CASH FLOW: $41,780

CAP RATE: 12%
CASH ON CASH: 24%

EQUITY BUILT IN: $150,000

COMPARABLES 

906 Maple St,New Smyrna Beach, FL 32169
Closed Date 10/13/2023
Closed Price $900,000
4/4, 2400 sqft 


445 Desoto Dr, New Smyrna Beach, FL 32169 
Sold on 07/10/23
Closed Price $810,000
3/2/, 2060 sqft

804 Hope Ave, New Smyrna Beach, FL 32169
Sold on 04/17/24
Closed Price $835,000
3/2, 1960 sqft

814 Ocean Ave, NEW SMYRNA BEACH, FL 32169
Sold on 04/17/24
Closed Price $944,000
3/2, 1330 sqft

All the properties have been sold above ARV price, as this is one the hottest markets in the entire State


EMD $15,000
Closing Date: 05/21/24

OCCUPANCY: Vacant
Access: By Appointment

Call Dispo Manager Sergio ( 828 469 0837 )

* Notice of Interest filed on the property. Investor Lift and M4 Property will prosecute if you're found negotiating directly with seller.

* All the numbers are estimates and buyer is obligated to do their own due diligence on the property.