$799,000
Active · 1 days on market · MLS# MFRNS1088114
| Bedrooms | 9 |
|---|---|
| Living area | 3,886 sq ft |
| Lot size | 0.24 acres |
| Year built | 1968 |
| Property type | Quadruplex |
| Garage spaces | 1 |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $11,158 |
| County | Volusia |
Rare opportunity to own a solid concrete block 4-plex just minutes from the beach and the Hard Rock Hotel — fully occupied and generating $5,050/month in rental income. Built in 1968 with the durability that only CBS construction delivers, this well-maintained property features one spacious 3BD/2BA unit and three 2BD/1BA units, each with two private entries and its own locked storage unit. All leases are month-to-month with rents currently below market, giving a new owner immediate upside potential. Upper units enjoy private balcony areas, and Unit 3 offers a peek-a-boo ocean view. Additional income streams include an on-site coin laundry (~$200–$300/mo), a rentable one-car garage, and two covered parking spaces. Recent upgrades include 2020 impact windows, storm shutters, new copper A/C refrigerant lines, a new retaining wall, and an irrigation well. Unit 4 (3/2) is fully renovated with all-new vinyl plank flooring and new bathrooms. Units 1 and 2 feature beautiful, durable terrazzo floors. Ideal for the investor seeking immediate cash flow with room to grow, or the savvy buyer who wants to live in the updated 3/2 unit while three rentals help cover the mortgage. Private storage for every tenant, coin laundry on-site, and a coastal location that keeps demand strong year-round. Don't miss this one.
Listing courtesy of Robin Hart, EXP REALTY LLC. Presented by MC Homes Realty Inc · 727432218.