440 S Caroline St, Daytona, FL 32114

Description of 440 S Caroline St, Daytona, FL 32114

The property is ideally located less than 10 minutes from the beach and in close proximity to major thoroughfares including I-95 and Hwy A1A. It’s also near Daytona Beach International Airport, Daytona State College, Bethune-Cookman University, and top-rated schools such as Spruce Creek High and Tomoka Elementary. This offering presents a significant opportunity to develop a new rental property with strong income potential ( 7.5% cap rate) in a desirable, well-connected location. The owner is including the architectural concept design approved by the authorities. PROPOSED PROJECT TO BE DONE IN THE LAND: 8 APARTMENTS FEASIBILITY ANALYSIS: 8 apartments, Area per unit: 754 sqft, Total area of construction: 6,032 sqft, Cost per each sqft: $150 A 13.12% capitalization rate (cap rate) on a proposed project to be done in the land Available upon request

Property Details for 440 S Caroline St, Daytona, FL 32114

Pool Private

No

Direction Faces

North

Building Information for 440 S Caroline St, Daytona, FL 32114

Building Name

DAYTONA GARDENS PLAT 6

Building Area Units

Square Feet

Association

No

Property Information for 440 S Caroline St, Daytona, FL 32114

Lot Features

3/4 To Less Than 1 Acre Lot, No Misc/Improvements

Lot Size Square Feet

0

Waterfront

No

View

No

Water Source

Municipal Water

New Construction

No

Public Records for 440 S Caroline St, Daytona, FL 32114

Parcel Number

523907420120

Tax Annual Amount

$1,024

Tax Year

2,025

Tax Legal Description

39-15-33 LOTS 12 TO 15 INC BLK 42 DAYTONA GARDENS PLAT 6 MB 10 PG 76 OF HODGMANS DAYTONA M B 2 PG 82 MB 12 PG 13-15 PER O R 2286 PG 0432 PER

County Or Parish

Volusia County

Location