201 Palmetto St - Apartments FOR SALE


New Smyrna Beach, FL 32168
$1,499,000 USD
386-299-9245
201 Palmetto St, New Smyrna Beach, FL for Sale
$1,499,000 USD
Apartments - FOR SALE
1/41
null | 5.03% Cap Rate

201 Palmetto St
New Smyrna Beach, FL 32168


HIGHLIGHTS

  • Downtown Location- walk to everything!
  • Mixed Use Zoning allows for nightly, weekly, monthly, yearly rentals.
  • Operating cash flow in an emerging marketplace!

OVERVIEW

A+ LOCATION *Beautiful Designer Rental* Operating 6-plex fully rented in downtown New Smyrna Beach. Located just one block of Canal Street, and two blocks from the Intracoastal, this remodeled building in the heart of downtown is ready to go! Tenants enjoy a beautiful, private living space with access to the shared courtyard, and onsite laundry facilities. Walk to all shopping and Dining, and the beach is only a 9 minute bike ride away. This unique location is AirBnB Legal, and allows for nightly, weekly, monthly, yearly rentals! Turn up the income by operating as an AirBnB!

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$331 USD /SF

# OF UNITS

6

PRICE/UNIT

$249,833

CAP RATE

5.03%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

R5

APN/PARCEL ID

7441-38-15-2110

ASK ABOUT THIS PROPERTY

James FrostKincaid RealtyMore Info
386-299-9245

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James FrostKincaid RealtyMore Info
386-299-9245

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.