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618 S Palmetto Avenue, Daytona Beach, FL

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$350,000

($152/sqft)

List Status: Pending

618 S Palmetto Avenue
Daytona Beach, FL 32114

6 beds
2 baths
2308 living sqft

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Top Features

Subdivision: 3511 South Peninsula Drive Port Orange
Built in 1910
Duplex

Description

NEW ROOF!! This Charming Duplex is located in the heart of Daytona's Historic district on an oversized lot. Fully Occupied with a gross monthly rent of 3 100.00 and a CAP Rate of 8.1. Value Add opportunity with capitalizing on untapped income potential with renting the 2 car garage for a minimum of 700.00 total 350.00 each side. 1st floor unit is 3 bedrooms 1 full bath featuring hardwood flooring throughout & freshly painted. Updated kitchen and the formal dining room has crown molding. The 3 bedrooms have large closets the bathroom includes a walk-in tiled shower and claw foot tub. 2nd floor unit features 3 bed / 1 bath with brand new LVP flooring throughout & freshly painted. Both units have their own laundry area. Walking distance to the Halifax Harbor Marina and Beach St with all the restaurants/shops. This property has a ton of potential. Live in one side rent all other out or utilize as a multigenerational property.

Property Details

Additional Information

Area Major

32 - Daytona Beville to ISB E of 95

Area Minor

32 - Daytona Beville to ISB E of 95

Appliances Other5

Gas Oven, Refrigerator, Dryer, Washer

Attached Garage YN

false

Bathrooms Total Decimal

2.0

Bathrooms Total Integer

Construction Materials Other8

Frame

Contract Status Change Date

2025-03-31

Cooling Other7

WallWindow Unit(s), Wall/Window Unit(s)

Cooling YN

true

Current Use Other10

Multi-Family

Currently Not Used Bathrooms Total

2.0

Currently Not Used Building Area Total

3308.0, 2308.0

Currently Not Used Carport YN

No, false

Currently Not Used Garage Spaces

2.0

Currently Not Used Garage YN

Yes, true

Currently Not Used Living Area Source

Public Records

Currently Not Used New Construction YN

No, false

Days On Market

Documents Change Timestamp

2025-01-08T00:46:43Z

Exterior Features Other11

Balcony

Fencing Other14

Wood, Wood2

Financial Data Source Property Manager

Owner2, Owner

Fireplace Features Fireplaces Total

Fireplace Features Other12

Wood Burning

Fireplace YN

true

Flooring Other13

Laminate, Wood, Tile

General Property Information CDD Fee YN

General Property Information Directions

S from the intersection of Ridgewood Ave and ISB turn left on Cedar St Rt on S Palmetto Ave property on the right.

General Property Information List PriceSqFt

151.65

General Property Information Lot Size Dimensions

55x147

General Property Information Number Of Units Total2

2, 2.0

General Property Information Stories

General Property Information Stories Total

Heating Other16

Central

Heating YN

true

Income and Expenses Gross Income

37200.0

Income and Expenses Net Operating Income

28200.0

Income and Expenses Operating Expense

9000.0

Internet Address Display YN

true

Internet Automated Valuation Display YN

true

Internet Consumer Comment YN

true

Internet Entire Listing Display YN

true

Laundry Features None10

In Unit, Multiple Locations

Levels Three Or More

Two

Listing Contract Date

2025-01-07

Listing Terms Other19

Cash, FHA, Conventional

Location Tax and Legal Country

Location Tax and Legal Parcel Number

5339-01-14-0042

Location Tax and Legal Tax Annual Amount

5433.0

Location Tax and Legal Tax Legal Description4

NE 1/4 OF LOT 4 BLK 14 DAYTONA MB 2 PG 82 PER OR 5274 PG 3504 PER OR 7212 PG 1631 PER OR 8256 PG 4295 PER OR 8366 PG 2347

Location Tax and Legal Tax Year

2024

Lock Box Type See Remarks

Other32, Other

Lot Features Other18

Other18, Other

Lot Size Area

0.19

Lot Size Square Feet

8084.74

Lot Size Units

Acres

Major Change Timestamp

2025-03-31T12:08:59Z

Major Change Type

Status Change

Mls Status

Pending

Modification Timestamp

2025-03-31T12:09:40Z

Off Market Date

2025-03-30

On Market Date

2025-02-24

Owner Pays Other34

Taxes, Insurance2, Insurance, Taxes2

Possession Other22

Close Of Escrow

Purchase Contract Date

2025-03-30

Road Surface Type Paved

Paved

Roof Other23

Shingle

Sewer Unknown

Public Sewer

StatusChangeTimestamp

2025-03-31T12:08:56Z

Tenant Pays Other35

All Utilities

Unit 1 Details Actual Rent

1875.0

Unit 1 Details Beds Total

Unit 1 Details Full Baths Total

Unit 1 Details Furnished3

Unfurnished

Unit 1 Details Unit ID

Unit 1 Details Unit Remarks

Currently Vacant

Unit 1 Details Unit SqFt

1280.0

Unit 2 Details Actual Rent2

1675.0

Unit 2 Details Beds Total2

Unit 2 Details Full Baths Total2

Unit 2 Details Furnished4

Unfurnished

Unit 2 Details Unit ID2

Unit 2 Details Unit Remarks2

Leased

Unit 2 Details Unit SqFt2

1028.0

Utilities Other29

Water Connected, Electricity Connected, Separate Electric Meters, Propane2, Propane

Water Source Other31

Public

Neighborhood Map

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Property Photos

MLS #1207569 Listing courtesy of O'brien Real Estate Llc provided by Daytona Beach Area Association Of REALTORS.

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Daytona Beach Area Association Of REALTORS (updated 4/10/25 12:02 PM) |