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  • MLS#: 1216694 ( Residential Income )
  • Street Address: 500 Lenox Avenue
  • Viewed: 274
  • Price: $559,900
  • Price sqft: $132
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 4249
  • Bedrooms: 6
  • Total Baths: 5
  • Full Baths: 5
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500 Lenox Avenue
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PRICED AT ONLY: $559,900

Address: 500 Lenox Avenue, Daytona Beach, FL 32118

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Description
Rare coastal multifamily with true expense control and full renovations. A fully occupied 5 unit concrete block building just 0.2 miles from the beach offering the rare advantage of both separate water and separate electric meters, keeping operating costs low and returns strong compared to competing inventory where owners still pay for water. All five units have undergone full interior renovations, not just light updates, and the entire exterior was recently refreshed with a clean white faade and black trim accents for standout curb appeal. The roof was replaced in 2018 and is in excellent condition, supporting a low maintenance ownership profile. This is a property you'll be confident showing on the rent roll and in person. The layout includes three 2 bedroom / 1 bath units, one 1 bedroom unit, and one studio, offering stable and diversified rental demand in this coastal setting. The building is home to long standing tenants, and a trusted local management company .. CON'T .. has successfully operated it for years. They can continue for a smooth, turnkey transition or step aside if the buyer prefers to self manage. Prime location with quick access to the Atlantic Ocean, Intracoastal Waterway, Daytona Beach Pier, Speedway, I 95, and I 4. Low expenses. Full renovations. Strong tenancy. Proven management. Standout beachside asset from day one.
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Features
Building and Construction
  • Flooring: Carpet, Tile, Wood
  • Roof: Shingle
Land Information
  • Lot Features: Corner Lot
Garage and Parking
  • Parking Features: Off Street, On Street, Unassigned
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Multi Units, Wall/Window Unit(s)
  • Heating: Individual
  • Sewer: Public Sewer
  • Utilities: Separate Electric Meters, Separate Water Meters
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity, Water
Other Features
  • Appliances: Refrigerator, Electric Range, Electric Oven
  • Parcel Number: 530926020160
  • Views: 274
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