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201 Palmetto St
New Smyrna Beach, FL 32168

$1,499,000 USD

Apartments For Sale  •  4,528 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,528 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1922
  • Cap Rate 5.03 %
  • Zoning R5
0 Transit Score
74 Walk Score

Highlights

Downtown Location- walk to everything!
Mixed Use Zoning allows for nightly, weekly, monthly, yearly rentals.
Operating cash flow in an emerging marketplace!

Property Flyers

Financial Summary (Actual)

Net Operating Income: $75,512 USD (2023)
Cap Rate: 5.03 %
Total Expenses: $30,488 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Trash Pickup - Curbside
  • Vintage Building
  • Bay Window
  • Hardwood Floors
  • Refrigerator
  • Range
  • Sunroom
  • Deck
  • Dining Room
  • Porch
  • Window Coverings

Public Transportation

AirportDriveWalkDistance
Daytona Beach International 28 min - 18.8 mi
Orlando Sanford International 48 min - 32.6 mi
James Frost 386-299-9245 Kincaid Realty
James Frost 386-299-9245 Kincaid Realty