Great New Price! Don't miss out on the incredible opportunity to acquire this remarkable triplex. Whether you choose to reside in one unit and lease the others or capitalize on renting all three for maximum returns, this property promises versatility and profitability. Each of the three units has been meticulously updated to offer impeccable living spaces. The first floor presents a unique layout featuring two bedrooms and two baths. What sets this unit apart is the ability to partition off one side, creating a secluded efficiency area ideal for an in-law suite or accommodating a multi-generational lifestyle. On the second floor, two charming apartments await, each with its own balcony, providing a cozy retreat for tenants. Despite having three separate electric meters, the seller covers all utilities and furnishings in the rent, simplifying management for tenants and ensuring good returns for the owner. This investment opportunity boasts a highly desirable business model that rarely experiences vacancies, and when available, units are swiftly filled. Licensing is already in place for this well-maintained property, with updates including a 2012 roof replacement, tankless water heaters, and pristine condition throughout. Additional amenities include on-site laundry facilities, ample off-street parking for six vehicles, and a spacious storage shed. Nestled on a generous lot in central Ormond Beach, the property offers proximity to excellent dining options, the Halifax River, and just a short drive to the beach. Come see this great investment today! There are no warranties expressed or implied. All measurements are approximate. Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed. Buyers should check city zoning for rental restrictions.
Offering this unique 7.8 acre property ...great for the developer or investor.The property is situated between two elementary schools (Pathway and Pinetrail). Two separate roads lead into the property making this unique to the area. The only separation from those roads, is a man made bridge taken out by Hurricane Ian which Grover Branch runs through. Close to the Airport Business Park, Ormond Munical Airport and a Park, it backs up to to Tymber Creek Subdivision, with 98% of the property being fenced for privacy. The property has many building assets, such as a 30 x 20 pole barn, another 15x20 metal barn, a two stall auto shop with an office, 3 car garage with metal roof, a small storage building, a barn for housing equipment such as tractor and plows. There are 3 older mobile homes.
Ormond Beach is located in Florida. Ormond Beach, Florida has a population of 41,238. Ormond Beach is more family-centric than the surrounding county with 22.55% of the households containing married families with children. The county average for households married with children is 21.19%.
The median household income in Ormond Beach, Florida is $51,152. The median household income for the surrounding county is $43,838 compared to the national median of $57,652. The median age of people living in Ormond Beach is 51.5 years.
The average high temperature in July is 90.2 degrees, with an average low temperature in January of 47.3 degrees. The average rainfall is approximately 51.6 inches per year, with 0 inches of snow per year.