For Sale
$6,700,000

1050 Wayne AveNew Smyrna Beach, FL 32168

37-Unit Apartment Complex, New Smyrna Beach

Overview

Added:
Dec 11, 2024
Days on market:
115

Highlights

  • $6,700,000 asking price for a 37-unit apartment building in New Smyrna Beach, FL.
  • Seller financing available: $1 million at 6% interest, concurrent with buyer financing.
  • Acquisition requires less than $1.5 million in equity.
  • Assumable Fannie Mae loan with seven years remaining at 4.9% interest.
  • $150,000 in recent capital expenditures.
  • 0.15-acre concrete slab available for expansion.

Property Details for 1050 Wayne Ave

Property type
Apartment buildings
Class
B
Year Built/Renovated
1980/2019
Buildings
6
Stories
2
Lot Size (sq. ft)
180,338 SF
Units
37

Location Insight

City
New Smyrna Beach
County
Volusia
State
Florida
Latitude
29.0285967
Longitude
-80.94423
1050 Wayne Ave, New Smyrna Beach, Florida
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1050 Wayne Ave
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