440 S Caroline ST, Daytona Beach, FL 32114
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Eddy Sua

Eddy Sua

+1(561) 213-7653
$ 325,000
Est. payment /mo
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440 S Caroline ST Daytona Beach, FL 32114

0.74 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Daytona Gardens Plat 6

MLS Listing ID A12066391

HOA Y/N No

Annual Tax Amount $1,024

Tax Year 2025

Lot Size 0.740 Acres

Acres 0.74

Property Sub-Type Unimproved Land

Property Description

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 APARTMENTSFEASIBILITY ANALYSIS:8 apartments, Area per unit: 754 sqft, Total area of construction: 6,032 sqft, Cost per each sqft: $150A 13.12% capitalization rate (cap rate) on a proposed project to be done in the landAvailable upon request

Location

State FL

County Volusia

Area 5940 - Other Florida County

Direction North

Rooms

Other Rooms None

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

Water Access Desc Public

Present Use Other,Residential,Single Family,Unimproved

Street Surface Paved

Road Frontage Public Road

Building

Faces North

Water Public

Additional Building None

Others

Tax ID 523907420120

Acceptable Financing Cash, Conventional, Owner Will Carry, Other

Listing Terms Cash, Conventional, Owner Will Carry, Other

BeachesMLS, Inc. (FLR) IDX
Listed by Sagrario L Garcia SFRMC Realty
NEARBY SCHOOLS & PROPERTIES
Eddy Sua

Eddy Sua

Broker | License ID: 3246138

+1(561) 213-7653

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