Additional Information
Additional Parcels YN
false
Alternate Key Folio Num
533946050181
Building Area Source
Owner
Building Area Total Srch SqM
102.29
Building Area Units
Square Feet
Calculated List Price By Calculated SqFt
93.81
Construction Materials
Block, Stucco
Contract Status
Right of 1st Refusal
Cumulative Days On Market
6
Elementary School
Sugar Mill Elem
Expected Closing Date
2026-01-01T00:00:00.000
Exterior Features
Sidewalk
Flood Zone Date
2017-09-29
Flood Zone Panel
12127C0359J
Foundation Details
Crawlspace
Heating
Central, Natural Gas, None
High School
Spruce Creek High School
Internet Address Display YN
true
Internet Automated Valuation Display YN
false
Internet Consumer Comment YN
false
Internet Entire Listing Display YN
true
Laundry Features
Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Living Area Units
Square Feet
Lot Size Square Meters
458
Middle Or Junior School
Campbell Middle
Modification Timestamp
2025-01-10T15:29:08.198Z
Parcel Number
533946050181
Patio And Porch Features
Front Porch, Rear Porch
Pets Allowed
Cats OK, Dogs OK
Property Attached YN
false
Property Description
Walk-Up
Public Remarks
Under contract-accepting backup offers. Investor Alert! Consider this fix-and-flip or fix-and-hold opportunity, yielding $2, 052/month as per HUD (Section 8) for a single-family residence. With Section 8, expect a 15% annual increase in rental income. A three-bedroom, two-bathroom house in Daytona Beach presents an excellent rehab prospect. Offered at $93.81/sq ft, the property's estimated ARV post-renovation stands at $225, 000. It requires a new roof (see attached estimate) and has an encroachment issue (see attached survey). Estimated repairs are $40, 000, with a total investment of $140, 000, leading to $85, 000 of instant equity. Terms are cash only, and the encroachment will remain. Anticipate a 10% cap rate on your investment or opt for refinancing and cash out. The listing agent holds a financial interest in the seller's corporation, with a $1, 000 bonus for sales closed before 8/31/2024. The numbers speak for themselves; the preliminary repair list is complete. This presents an excellent chance to acquire the property and generate monthly rental income. With the recent opening of Costco in Daytona Beach, the demand for housing has surged as people relocate to the area. As you may know, Section 8 tenants often face long waiting lists, offering a stable income stream for your investment. Whether you choose to flip the property or extract its equity, the potential for profit is significant. This property could be a lucrative investment—contact me, and I'll demonstrate how. This is a unique opportunity to become involved.
Purchase Contract Date
2024-08-01
RATIO Current Price By Calculated SqFt
93.81
Realtor Info
As-Is, List Agent is Related to Owner, No Sign
Road Responsibility
Public Maintained Road
Showing Requirements
Appointment Only
Status Change Timestamp
2024-08-01T18:28:53.000Z
Tax Legal Description
S 25 FT OF LOT 18 & INC N 15 FT OF LOT 10 & N 23 FT OF LOT 11 BLK 5 SUB LOTS 4 & 5 BLK 27 DAYTONA MB 15 PG 133 PER OR 4922 PGS 2225-2226 PER OR 5549 PG 4421 PER OR 5609 PG 4051 PER OR 7777 PG 4793 PER OR 8265 PGS 0341-0402 INC PER OR 8308 PG 0229
Total Acreage
0 to less than 1/4
Universal Property Id
US-12127-N-533946050181-R-N
Unparsed Address
547 DIVISION ST
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Street Lights, Water Connected
