440 S Caroline St, Daytona, FL 32114
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Freddie Santiago

Freddie Santiago

+1(305) 968-0039
$ 325,000
Est. payment | /mo

0.74 Acres Lot

Save
$ 325,000
Est. payment | /mo
Save

0.74 Acres Lot

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

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

Miami Association of Realtors (SEFMIAMI MLS)
Listed by SFRMC Realty
Freddie Santiago

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(305) 968-0039

freddiesantiago12@gmail.com

8291 Championsgate Blvd., Championsgate, Fl. 33896, United States

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440 S Caroline St