205 N WILD OLIVE AVE Daytona Beach, FL 32118
6 Beds
6 Baths
2,370 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,370 sqft
Price per Sqft $348
Subdivision Smith Bertha K Resub Blks 17-18 21-23 & 26 Memento
MLS Listing ID NS1089729
Bedrooms 6
Construction Status Completed
HOA Y/N No
Year Built 1947
Annual Tax Amount $5,435
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x125
Property Sub-Type Triplex
Source Stellar MLS
Property Description
Three separate residences across two buildings bring together beachside living, income potential, and flexibility at 205 N Wild Olive Ave. Directly across from Daytona Lagoon Waterpark and just steps from the Atlantic Ocean, the property is approximately half a block from the Ocean Center and Peabody Auditorium, and close to dining, entertainment, and other beachside attractions. Daytona International Speedway is approximately 4.7 miles away.
The property offers three 2-bedroom, 2-bath residences. The front home is a single-story coastal cottage of approximately 1,100 square feet. Taken nearly to the studs and rebuilt, it combines the character of the original home with updated systems, appliances, finishes, a new roof, and Hardi-Board siding. It includes two bedrooms, two full bathrooms, a decorative fireplace, and a flexible bonus room that could serve as an office, media room, or additional sleeping area.
Behind the cottage, a newly constructed building of approximately 1,370 square feet contains two more residences. The ground-level unit features 2 bedrooms, 2 bathrooms, and 10-foot ceilings. Upstairs, the second 2-bedroom, 2-bath residence has 12-foot ceilings. Both were designed with comfort and rental appeal in mind.
**Buyer-Selected Finishing Options**
The seller, who is also the builder, is offering buyers the opportunity to personalize select finishing details in the front cottage. Options include remaining trim work, additional cabinets and hardware, a kitchen hood, and a choice of interior colors.
The buyer may also choose to have backyard pavers added before closing, extending from the rear of the cottage to the laundry shed and around the rear duplex. The seller is also offering to complete the fence enclosing the backyard before closing if preferred.
**Updates and Features**
The property has been extensively updated with new plumbing, electrical, roofing, appliances, and major systems. Interior wall insulation adds efficiency and sound separation. An outdoor laundry facility provides an oversized washer and dryer area for tenants. Modern coastal finishes and limited anticipated maintenance add to the property's appeal.
The projected rents support an estimated cap-rate scenario exceeding 7% when all three residences are rented. An owner-occupant renting the other two residences has an estimated cap-rate scenario above 4%. Buyers can consider short-term, seasonal, or longer-term rental strategies, subject to applicable requirements.
For buyers seeking a beachside home with income potential, 205 N Wild Olive Ave offers three residences, a mix of renovated and newly constructed living space, and convenient access to Daytona Beach attractions. The property is not in a designated flood zone.
Location
State FL
County Volusia
Community Smith Bertha K Resub Blks 17-18 21-23 & 26 Memento
Area 32118 - Daytona Beach/Holly Hill
Zoning 02RP
Interior
Interior Features Open Floorplan, Stone Counters
Heating Ductless
Cooling Wall/Window Unit(s)
Flooring Luxury Vinyl
Fireplaces Type Living Room, Wood Burning
Furnishings Unfurnished
Fireplace true
Appliance Disposal, Dryer, Range, Refrigerator, Tankless Water Heater, Washer
Laundry Common Area, Laundry Room, Outside
Exterior
Exterior Feature Outbuildings
Parking Features Common, Driveway, On Street
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
Water Access No
View Gulf/Ocean - Partial
Roof Type Shingle
Porch Front Porch, Rear Porch
Garage false
Private Pool No
Building
Lot Description City Limits, Near Public Transit, Paved
Entry Level Two
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type HardiPlank Type
New Construction true
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
