$239,900
Pending · 103 days on market · MLS# MFRO6348079
| Bedrooms | 4 |
|---|---|
| Living area | 1,242 sq ft |
| Lot size | 0.11 acres |
| Year built | 1950 |
| Property type | Duplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $2,638 |
| County | Volusia |
This well-maintained and recently updated duplex is a strong cash-flowing investment opportunity in the heart of Daytona Beach. Each unit has benefited from extensive upgrades over the past few years, including new cabinets, granite countertops, modern appliances, updated HVAC systems, water heaters, windows, fencing, and more—minimizing near-term capital expenditures for the next owner. Both units are currently tenant-occupied at $950 and $1,000 per month each, providing immediate rental income of $1,950 per month ($23,400 annually). With its desirable location and significant improvements, this property offers long-term stability while also presenting upside potential for investors to gradually increase rents in line with the Daytona Beach market. Whether you’re expanding your portfolio or entering the market for the first time, 701 S Palmetto Ave represents a turnkey opportunity with strong fundamentals and future growth potential.
Listing courtesy of Logan Wilson, RLW REALTY. Presented by MC Homes Realty Inc · 727432218.