274 Laws Ln Ormond Beach, FL 32174
- Commercial real estate
- 0.15 lot acres
Current Use by Public Records
- DIMAD Group / Tile Contractor
Property Details for 274 Laws Ln
- Lot size
- 0.15 lot acres
- Property type
- Commercial real estate
Description
This exceptional Ormond Beach triplex presents a lucrative investment opportunity. Priced at $550,000, this mixed-use property sits on a 0.15-acre lot and offers three meticulously updated units. The ground floor unit boasts two bedrooms and two bathrooms, with a unique layout allowing for the creation of a separate efficiency apartment, perfect for multi-generational living or an in-law suite. The second floor features two charming apartments, each with its own private balcony. All three units benefit from separate electric meters, although the seller currently covers all utilities and furnishings as part of the rental agreement, simplifying management and maximizing rental income. This established business model enjoys consistently high occupancy rates. Recent upgrades include a 2012 roof replacement and tankless water heaters, ensuring the property is well-maintained. Additional amenities include on-site laundry facilities, ample off-street parking for six vehicles, and a spacious storage shed. Conveniently located in central Ormond Beach, this property offers easy access to local dining, the Halifax River, and the beach. Buyers are advised to verify zoning regulations regarding rental restrictions with the city. All measurements are approximate, and information is deemed reliable but not guaranteed. Square footage is derived from tax records. There are no warranties expressed or implied.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ormond Beach
- County
- 12127
- State
- Florida
- Longitude
- -81.0620467
- Latitude
- 29.2795712
