300 S ORANGE STREET,NEW SMYRNA BEACH,Volusia,Residential Income

Descripción

**Investment Opportunity: Add this 4 unit, short-term rental permitted income property to your fix and flip or hold portfolio! This partially updated 1920s Multi-Family Property in the Downtown Canal Street Historic District of New Smyrna Beach, Florida is just waiting for its new owner/s to bring it back to life! The mixed-use zoning AND short-term OR long-term rental permitting offers incredible flexibility. Some ideas for this property include: office space rental income, residential short/long-term income, a mix of both, OR return this charming space back into a single family residence. With its close proximity to the local hospital, short-term lease options for traveling healthcare staff could also be something to consider. The possibilities are endless! The current owners have invested over $100k in property updates to include: updates to two of 4 units (2018) a full roof replacement, and foundation reinforcement (2022).

**Property Features:**
– **Four Rental Units with a mix of one- and two-bedroom apartments, catering to a diverse rental market. There are three units in the main dwelling. Unit 1: Renovated in 2018, has one bedroom and one bathroom. Unit 2 is the entire 2nd floor (unfinished) and boasts two bedrooms and two full bathrooms with clawfoot tubs. Unit 3 has one bedroom and one bathroom and a small room/office. Unit 4 (studio) renovated in 2018.

– **Community and Outdoor Spaces:** Tenants can enjoy the communal outdoor areas and the proximity to local amenities including parks, shops, and dining. 2 blocks from bustling Canal Street and 1.9 miles from the beach!
– **Investment with Upside:** With its prime location and partial updates, this property is ideally positioned for an investor looking to capitalize on the booming rental market in a beach community.