406 Oak St, Port Orange, FL 32127
- Commercial real estate
- 1,785 SF
Current Use by Public Records
- Commercial real estate
Property Details for 406 Oak St
- Year built
- 1972
- Property type
- Commercial real estate
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 27, 2022 | $6,775,000 | Michael O St. John | Port Orange Property LLC | Special Warranty Deed | $1.6M · Trustone Financial Cu |
| Feb 17, 2017 | — | Port Orange Property LLC | Oak Street Associates LLC | Special Warranty Deed | $3.4M · Marthas Vineyard Savings Bank |
Description
Exceptional investment opportunity awaits with this meticulously renovated three-unit apartment building located at 406 Oak St, Port Orange, FL 32127. This 1-story, concrete block triplex boasts 1,785 square feet of net rentable space situated on an 8,750 square foot lot. Built in 1972 and extensively renovated between 2021 and 2022, the property features updated kitchens and bathrooms, new flooring, electrical and plumbing systems, and central A/C units in each unit. Individual water and electric meters minimize owner expenses. Currently enjoying 100% occupancy, this property generates a substantial net operating income (NOI) of $43,773, resulting in a compelling 6.73% capitalization rate. Its prime location, less than two miles from the beach, four blocks from the river, and four blocks from Dunlawton Avenue (Port Orange's main thoroughfare), ensures consistent high demand and rental income. The property is zoned for short-term rentals, further enhancing its investment potential. Each unit benefits from a private backyard enclosed by a new 6-foot vinyl fence. This turnkey investment is tenant-occupied
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Port Orange
- County
- Volusia
- State
- Florida
- Longitude
- -80.9883808
- Latitude
- 29.1376723
