7 Cypress Cir Ormond Beach, FL 32176
- Residential income homes
- 1,350 SF
- 0.25 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 7 Cypress Cir
- Year built
- 1949
- Lot size
- 0.25 lot acres
- Property size
- 1,350 SF
- Property type
- Residential income homes
- Property subtype
- Dormitories
Description
This Ormond Beach, Florida duplex presents a compelling investment opportunity. Located on a 0.25-acre lot at 7 Cypress Cir, 32176, this fee-simple property boasts solid brick construction with plaster interior walls. The 1,350 square foot building, constructed in 1949, is a Class B, one-story duplex featuring two units, each with two bedrooms and one bathroom. Each unit includes a great room and a full kitchen. The property benefits from central HVAC, public water, and public sewer. Individual electric meters ensure tenants pay their own electricity, while a shared water meter simplifies utility management. The roof was replaced approximately 11 years ago. Currently, each unit commands a market rent of $1,550 per month, resulting in a potential gross monthly income of $3,100. Zoned for multifamily use, this stabilized investment offers a price per square foot of $270.37 and a price per unit of $182,500, with an asking price of $365,000. Its prime beachside location offers exceptional rental potential and strong long-term value. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable area.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ormond Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0384428
- Latitude
- 29.2801695
