End Unit Townhouse Near
521 MOUNT OLYMPUS BOULEVARD New Smyrna Beach, FL 32168
521 MOUNT OLYMPUS BOULEVARD, New Smyrna Beach, FL, 32168
$240,000
For Sale
$240,000
Townhouse with new roof, close to beach and downtown.
Property Size1,452 SF
Lot Size0.07 Acres
Price / SF$165.29
Days on Market752
Property Features for 521 MOUNT OLYMPUS BOULEVARD
General Information
- Standard status
- Active
- Size
- 1,452 SF
- Lot size
- 0.07 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2009
Listing agency
KINCAID REALTY
(386) 402-1615
Listed by
Samantha McHugh · License #3166710
(386) 402-1615
Source
Exitrealty
Added: Jul 2, 2024 Updated: Jul 6 at 12:23PM Checked: Jul 22 at 9:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KINCAID REALTY
Investment Insights
Based on property information with market context.
This end unit townhouse offers carefree living with 1,452 square feet of living space. The first floor features LVW flooring and an open layout encompassing the living, dining, and kitchen areas, along with a powder room. The kitchen is equipped with wood cabinets, pull-out drawers, stainless steel appliances, and a breakfast bar, complemented by a dining area. A back patio overlooks a green landscape. Upstairs, there are three bedrooms, a laundry area, and two full baths. The owner's suite includes a walk-in closet and a bathroom with a garden bathtub. Hurricane shutters are stored in the one-car garage. Located in a community with a pool, the property is close to the beach and downtown New Smyrna Beach, which hosts a weekend farmers market. A new roof is currently being installed, and the building is being painted.
Key Highlights
- New roof being installed and building being painted.
- All assessments paid by seller.
- Close proximity to beach and downtown New Smyrna Beach.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $15.48 |
| − Vacancy | −$2.4k | −$1.63 |
| EGI | $20.1k | $13.85 |
| − OpEx | −$9.1k | −$6.23 |
| NOI | $11.1k | $7.62 |
1,452 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$158.1K
$138.3K – $184.4K
NOI $11,064 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.1K
$374.6K – $499.5K
NOI $29,969 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Townhouse with new roof, close to beach and downtown.
Where is this residential income property located?
The property is located at 521 MOUNT OLYMPUS BOULEVARD New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: New roof being installed and building being painted.; All assessments paid by seller.; Close proximity to beach and downtown New Smyrna Beach.
