5070 ORANGE BOULEVARD at

5070 ORANGE BOULEVARD

For sale Days on market 173

$990,000

$442/sq ft

$110,000
Price Decreased

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Overview

Bedroom

Year Built

1974

Sqft

2240

Property Type

Triplex

Property Description

GREAT INVESTMENT OPPORTUNITY IN PORT ORANGE ZONED SHORT TERM AND LONG-TERM RENTAL. Whether you're expanding your portfolio or entering the short-term rental market, this gorgeous triplex offers everything needed for a high-performing investment. Roof is only 4 years old. ACs 2 less than 2 years old. 3-Unit Apartment Building ''Price: $1,050,000 ($355,000/ unit) has a 9.60 Cap Rate. Beautifully renovated Triplex presents a rare and lucrative investment opportunity. Currently used in short term vacationing. Each unit of 750 sqft is totally updated, elegantly designed and turnkey ready. Each unit offers 2 spacious bedrooms and 1 fully renovated bathroom, open concept living area with comfortable, modern features, Eat-in dining space and fully equipped kitchens with brand-new, high-end appliances including stove, microwave, full-size refrigerator, dishwasher, toaster, and coffee maker. All kitchenware and cooking essentials are included. Washer and dryer set in each unit. The comfort of outdoor seating, BBQ grill, a hot tub, and a kid-friendly playground all set within a private atmosphere give an outstanding and a memorable experience to your guests. Nestled in a quiet, desirable Port Orange neighborhood, this property is just minutes from the beach, local dining, shopping, parks, and essential services. It's also only a few miles from vibrant Daytona Beach - home to year-round events, including NASCAR races, Bike Weeks events, Rockville Concerts, and all beachfront festivals. Each unit accommodates up to 6 guests. High-end finishes and stylish decor throughout. Proven short-term rental potential with established booking platforms. Rental rates during peak seasons can reach up to $500/ unit/ night Strong and consistent income stream with a 9.60 Cap Rate. This Triplex gem is a rare find, combining style, comfort, convenience and great income potential. Don't miss out - schedule your private touring today!

Property Details

MLS#

O6316187

Address

5070 ORANGE

City

Port Orange

State/county

Zip/Postal Code

32127

Area

Norwood

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$6,905

Maint Fee

$--

Tax Year

2024

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