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New
440 S Caroline St Daytona, FL 32114
0.74 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other
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 Other
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 APARTMENTS
FEASIBILITY ANALYSIS:
8 apartments, Area per unit: 754 sqft, Total area of construction: 6,032 sqft, Cost per each sqft: $150
A 13.12% capitalization rate (cap rate) on a proposed project to be done in the land
Available upon request
FEASIBILITY ANALYSIS:
8 apartments, Area per unit: 754 sqft, Total area of construction: 6,032 sqft, Cost per each sqft: $150
A 13.12% capitalization rate (cap rate) on a proposed project to be done in the land
Available upon request
Location
State FL
County Volusia
Community Daytona Gardens Plat 6
Area 5940 Florida Other
Exterior
Street Surface Paved
Private Pool Yes
Building
Lot Description <1 Acre
Faces North
Water Public
Others
Tax ID 523907420120
Acceptable Financing Cash, Conventional, Owner May Carry, Other
Listing Terms Cash, Conventional, Owner May Carry, Other
Listed by SFRMC Realty