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1050 Wayne Ave, New Smyrna Beach, FL 32168
0 Beds
0 Baths
40,538 sqft

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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 (rent is $1095/m) and 13 units 3 bed 2 bath town-homes (rent is $1195/m the new tenants and RE-leases are 1295/m) 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. Units are filling up with more tenants every month and the property is over 92% full. Take over now and raise the rents higher on new incoming tenants.
  • Price:
  • $5,700,000
  • Square Footage:
  • 40,538
  • Acreage:
  • 4.14
  • Year Built:
  • 1980
  • Listing ID #:
  • O5769726
  • Street Address:
  • 1050 Wayne Ave
  • City:
  • New Smyrna Beach
  • State:
  • Florida
  • Postal Code:
  • 32168
  • County:
  • Volusia
  • Community:
  • 32168 - New Smyrna Beach
  • Subdivision:
  • Double Eagle
  • Listing Status:
  • Active
  • Building Condition:
  • Completed
  • Building Security:
  • Security Lights, Smoke Detector(s)
  • Construction Description:
  • Wood Frame
  • Exterior Features:
  • Lighting
  • Flooring:
  • Carpet, Ceramic Tile, Vinyl
  • Interior Features:
  • Window Treatments
  • Number Of Units:
  • 37
  • Square Footage Source:
  • Public Records
  • Stories:
  • Multi/Split
  • Total Building Square Footage:
  • 40538
  • Type Of Roof:
  • Shingle
  • View:
  • Golf Course, Water
  • Year Built:
  • 1980
  • Annual Expenses:
  • 49140
  • Annual Income:
  • 459725.00
  • Gross Income:
  • 557280
  • Conforms To Zoning:
  • 10r4
  • Lot Description:
  • Oversized Lot, Street Paved, Street Private
  • Lot Square Footage:
  • 180330
  • Total Number Of Lots:
  • 1
  • Can Be Leased:
  • Yes
  • Days On Market:
  • 276
  • Lease Terms:
  • 12 Months
  • Minimum Lease Term:
  • 8-12 Months
  • Property Description:
  • Mid Rise
  • Terms:
  • Cash, Conventional
  • Property Taxes:
  • $34,391
  • Tax Year:
  • 2018
  • Tenant Pays:
  • Electricity, Sewer, Trash Collection, Water
  • Laundry Description:
  • Inside
  • Other Rooms:
  • Inside Utility
  • Number Of Carport Spaces:
  • 61
  • Parking Description:
  • Circular Driveway, Common
  • Appliances:
  • Dishwasher, Gas Water Heater, Ice Maker, Microwave, Range
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Heating:
  • Central, Natural Gas
  • Sewage Type:
  • Public Sewer
  • Water View:
  • 1
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Empire Network Realty
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