701-705 S PALMETTO AVE Active Save Request In-Person Tour Request Virtual Tour
Daytona Beach,FL 32114
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,242 sqft
Price per Sqft $193
Subdivision Higbees Daytona
MLS Listing ID O6348079
Bedrooms 4
Year Built 1950
Annual Tax Amount $2,638
Lot Size 4,791 Sqft
Property Sub-Type Duplex
Property Description
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 per month each, providing immediate rental income of $1,900 per month ($22,800 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.
Location
State FL
County Volusia
Community Higbees Daytona
Area 32114 - Daytona Beach
Zoning R2
Interior
Heating Central,Electric
Cooling Central Air
Flooring Ceramic Tile,Other,Tile,Vinyl
Laundry Common Area,Laundry Room
Exterior
Exterior Feature Fence,Lighting,Storage
Parking Features Driveway
Utilities Available Electricity Connected,Public,Sewer Connected
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Turie T. Small Elem
Middle Schools Campbell Middle
High Schools Mainland High School
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6348079