About 440 S Caroline Street
Multifamily zoned lot for development. Just 1 block from popular Nova Road. Close to Beach, colleges, airport and more. Income potential for investor/developer. Seller will include architectural design to build 11 TOWNHOMES with 24 parking spaces. Each unit has 2 bedrooms and 1 1/2 bathrooms Estimated cost to build the project it's around $1.9 million (land included), and the property value after construction and rented over $4 Million. There is huge upside potential here. Since apartments would be new, it will have a very low expenses/ maintenance and the cap rate could be very high (8.98%) Values are estimated will change according to market conditions. General description of potential project, buyer must verify all zoning and construction expenses.
Features of 440 S Caroline Street
| MLS® # | 1118560 |
|---|---|
| Price | $325,000 |
| Bathrooms | 0.00 |
| Acres | 0.75 |
| Type | Land |
| Sub-Type | Unimproved Land |
| Status | Active |
Community Information
| Address | 440 S Caroline Street |
|---|---|
| Area | 32 - Daytona Beville to ISB, E of 95 |
| Subdivision | Daytona Gardens |
| City | Daytona Beach |
| County | Volusia |
| State | FL |
| Zip Code | 32114 |
Amenities
| Utilities | Cable Available, Electricity Available, Sewer Available, Water Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Other |
|---|
Listing Details
| Office | RE/MAX Signature |
|---|