115 S Grandview AVENUE, Daytona Beach, FL, 32118 | $419,000

INVESTOR ALERT! 2700 HEATED SQUARE FEET! Seize this rare opportunity to own an apartment building just one block from the beach at 115 S Grandview, Daytona Beach! This property is perfectly positioned near shopping and dining, offering convenience and a fantastic coastal lifestyle. The building is well-maintained and comprises a mix of units: one 2-bedroom, two 1-bedrooms, and one studio. All units have been remodeled, with the top two featuring full tiling, updated bathrooms, and modern kitchens. The lower-level units boast vinyl flooring, renovated kitchens and bathrooms, new light fixtures, and ceiling fans. Each unit is equipped with two window A/C units. With four electric meters in place, tenants cover their own electricity costs. The building has a brand-new roof for added peace of mind.

Important Note on Square Footage:
While the property is licensed as a quad, counting the two bottom/back units (one 1-bedroom and one studio), it is zoned as a single-family dwelling, which excludes the basement from the official square footage count. Officially listed at 1, 800 sq ft, the usable space actually totals an impressive 2, 700 sq ft. This discrepancy highlights typical local zoning complexities but speaks to the true potential of this property. Don’t miss out on this prime investment opportunity!

Features

  • Bedrooms: 2
  • Units: 1
  • Laundry: Other
  • Year Built: 1920
  • Heating: Central
  • Cooling: Wall/Window Unit(s)
  • Approx Sq. Feet: 2,700
  • Acreage: 0.11
  • Est. Taxes: $5,427
  • MLS#: O6240310
  • Days on Market: 53 days
  • Website: https://www.raveis.com
    /prop/O6240310/115sgrandviewavenue_daytonabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/23/2024 2:47:07 PM)
Listing courtesy of EXP Realty LLC   Phone: 888-883-8509

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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115 S Grandview AVENUE, Daytona Beach, FL, 32118

$419,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $335,200 $335,200 $335,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $452 $452 $452
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,230 $2,228 $2,874
Total Monthly Payment $2,757 $2,755 $3,401

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.