228 N OLEANDER Avenue, Daytona Beach, FL, 32118 | $2,295,000

Introducing the Seahorse Apartments of Daytona Beach Florida. This 17 unit apartment complex is just 3 streets from the beach. Sitting on two adjacent parcels with a freshly paved parking lot and full exterior and interior rehab this property is fully updated! Since taking ownership the owners put updated siding and wood on exterior walls and gave each building a new paint coat. All windows were updated and hurricane grade shutters will be installed prior to close. All exterior meters were updated as well and they are separately
metered. All 17 units went through full rehabs, with new LVP flooring through out and brand new window HVAC units. All kitchens got new appliances, new counter-tops and new water heaters. Bathroom fully updated along with bedroom, new paint, new fixtures and vanities. Electrical was also brought up to code with copper wiring & all new panels in each unit. Plumbing was converted to PVC for each unit.
Roofs are 2016

Features

  • Property Type: Multi Family
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Separate Electric Meters, Separate Gas Meters, Sewer Connected, Water Connected
  • Cooling: Separate Meters, Window Unit(s)
  • Year Built: 1948
  • Approx Sq. Feet: 15,720
  • Acreage: 0.14
  • Est. Taxes: $8,610
  • Lot Desc: Other
  • MLS#: 2066330
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/2066330/228noleanderavenue_daytonabeach_fl?source=qrflyer
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Listing courtesy of ANABASIS REALTY LLC

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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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228 N OLEANDER Avenue, Daytona Beach, FL, 32118

$2,295,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,836,000 $1,836,000 $1,836,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.148% 6.760% 6.806%
Monthly Tax Payment $718 $718 $718
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,061 $11,756 $16,120
Total Monthly Payment $12,904 $12,599 $16,963

* 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.