311 South Palmetto Avenue

Daytona Beach, FL 32114

$520,000
Last Sold Price
—
Beds
2,752 Sq. Ft.
$189 / Sq. Ft.
2,752
Sq. Ft.
$189
per Sq. Ft.

Description

Rare Investment opportunity to own a triplex building in the heart of Daytona Beach in a prime location. This building is one of a kind, boasting a commercial unit on the main level with the original hardwood floors. The commercial space has a large spacious floor plan with two separate rooms, a kitchenette, one handicap accessible bathroom, a back storage utility space with a washer and dryer hookup. Upstairs there are two separate apartments. Apartment A has a open concept living, with one bedroom,...Rare Investment opportunity to own a triplex building in the heart of Daytona Beach in a prime location. This building is one of a kind, boasting a commercial unit on the main level with the original hardwood floors. The commercial space has a large spacious floor plan with two separate rooms, a kitchenette, one handicap accessible bathroom, a back storage utility space with a washer and dryer hookup. Upstairs there are two separate apartments. Apartment A has a open concept living, with one bedroom, one bathroom, and full kitchen. Apartment B has two bedrooms, one bathroom, a full kitchen and eat-in nook. New Plumbing, New electrical throughout, Freshly painted, New HVAC in the commercial unit, New Window units with heating and cooling in the upstairs apartments. High income generating leases already in place. Located near many restaurants, shops, and the marina. Daytona Beach is in a redevelopment phase, with a new scenic park within walking distance. This area is booming with all the new businesses and remodeling going on. Commercial building, can only be financed with a commercial loan, cash, or private money loan. Owner financing available with 50% down 3/5 year balloon at 7.5% interest rate.
  1. Listed by Jeremie Purdy • KW REALTY ATLANTIC PARTNERS ST AUGUSTINE

Property Details for 311 South Palmetto Avenue

Subdivision Name
BALCOM BLK 4 DAYTONA
Township
15
Waterfront
No

Location

Listing Courtesy of KW REALTY ATLANTIC PARTNERS ST AUGUSTINE, Jeremie Purdy

Sold By VERANDAH PROPERTIES INC, Christopher Diaz

Add your commute
LISTING UPDATED: 09/15/2023 04:20 PM

Property Details for 311 South Palmetto Avenue

StatusSold
MLS #FC289997
Days on Market149
Taxes$3,768 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1940
Lot Size0.07 AC / 3,002 SF
CountyVolusia County

Location

Listing Courtesy of KW REALTY ATLANTIC PARTNERS ST AUGUSTINE, Jeremie Purdy

Sold By VERANDAH PROPERTIES INC, Christopher Diaz

Add your commute

Building Information for 311 South Palmetto Avenue

Stories-Residences3Year Built1940Building Size-Lot Size0.07 AC / 3,002 SF

Payment Calculator

$3,152 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,838

Property Taxes

$314

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 311 South Palmetto Avenue

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From US-1 turn onto Orange Avenue
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 311
  • Street Direction Prefix: S
  • Street Name: PALMETTO
  • Street Suffix: AVENUE
  • State: FL
  • City: DAYTONA BEACH
Parking
  • Carport: No
  • Garage: No
  • Parking Features: On Street
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 00
  • Tax Book Number: 1428/3138
  • Tax Legal Description: N 29.4 FT OF S 60 FT OF LOT 14 BALCOM SUB BLK 4 DAYTONA PER OR 3341 PG 1428 PER OR 7355 PG 3138 PER OR 8127 PG 2369
  • Tax Lot: 0143
  • Tax Year: 2022
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 533905000143
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: RDD2
  • Living Area: 2752
Property and Assessments
  • Year Built Numeric: 1940
  • Flood Zone Code: AE
  • Homestead: No
  • New Construction: No
  • Public Survey Range: 33
  • Public Survey Section: 39
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Stucco
  • Exterior Features: Lighting
  • Foundation Details: Slab
  • Levels: Two
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Other
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Cooling: Central Air, Other
  • Fireplace: No
  • Heating: Central, Other
  • Interior Features: Ninguno
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $37,000.00
  • Gross Income: $49,200
  • Unit Count: 3
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 1
  • Unit Type Description 1: Unit A is a one bedroom, one bathroom.
  • Unit Type Garage Spaces 1: 0
  • Unit Type Heated Sq Ft 1: 688
  • Unit Type Type 1: 1 Bed/1 Bath
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
  • Unit Type Description 2: Unit B is a two bedroom, two bathroom.
  • Unit Type Heated Sq Ft 2: 688
  • Unit Type Type 2: 2 Bed/1 Bath
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 0
  • Unit Type Description 3: Ground floor is a commercial space.
  • Unit Type Heated Sq Ft 3: 1376
  • Unit Type Type 3: Studio
Rental
Rental Information
  • Tenant Pays: Electricity
  • Total Actual Rent: $4,100

Property History for 311 South Palmetto Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 311 South Palmetto Avenue

Taxable ValueLand$17,400Additions$214,554Total$231,954
Tax Record2023$4,300 ($358 / month)
Home Facts
Baths3.5Total Finished SqFt2,752 SqFtAbove Grade Finished SqFt2,752 SqFtStories2Lot Size1,740 SqFtStyleStoresYear Built1940Year Renovated1998CountyVOLUSIAAPN5339-05-00-0143

Schools near 311 South Palmetto Avenue

This home is within Volusia.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK to 12
Rating
School
Distance
Turie T. Small Elementary School
PublicPK to 5

Campbell Middle School
Public6 to 8

Mainland High School
Public9 to 12

The Chiles Academy
CharterPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW REALTY ATLANTIC PARTNERS ST AUGUSTINE, Jeremie Purdy

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 09/15/2023 04:20 PM