822 Forest Ln, Daytona Beach, 32114

Multifamily - Duplex For Sale in Kingston

$139,900

3Beds
Baths
1,287Sqft
.17Acres
1950Built
MLS® #: 1055598
Active

ATTENTION INVESTORS - 14% ROI (approx). This property is zoned for commercial use, but is currently being used as a residential income duplex. Front unit has 2 bedrooms, 1 bath, and a kitchen/living area. The back unit has 1 bedroom, 1 bath, large living area, and a kitchen. Both units are currently rented (both leases expire 09/30/19) for a combined gross monthly/annual income of $1,850.00/$22,200.00. Both units are in need of updating, BUT have a very strong rental history as they appear today. This property has two separate driveways for parking on the east side of the property along with a large parking area on the west side of the property which can be accessed via Edwards Street.In addition, if used as a commercial property, there are many business classifications that are compatible with the zoning requirements. There are several usage choices with this property: residential income, convert to commercial office space for commercial income, or used as a primary residence or commercial space.

Essential Information

MLS® #: 1055598
Price: $139,900
Bedrooms: 3
Square Footage: 1,287
Acres: 0.17
Year Built: 1950
Type: Multifamily
Sub-Type: Duplex
Style: Apartment Building
Status: Active

Community Information

Address: 822 Forest Ln
Area: 34 - Daytona ISB to Mason, E of 95
Subdivision: Kingston
City: Daytona Beach
County: Volusia
State: FL
Zip Code: 32114

Amenities

Parking: Parking Lot, Off Street

Interior

Heating: Electric
Cooling: Wall/Window Units

Exterior

Lot Description: 7371
Roof: Composition Shingle
Construction: Concrete Block, Stucco Cover

Additional Information

Zoning: R-1

Listing Details

Listing Office: Ocean Properties and Mgmt., Inc.

Financials

$/SqFt: $109

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© 2019 Daytona Beach Area Association of REALTORS®

Information Courtesy of Daytona Beach Area Association of REALTORS® Multiple Listing Service

IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and data is deemed reliable but is not guaranteed accurate by the MLS.