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$245,000

Beds
Unknown
Baths
2.0
sq ft
793

1909 S Atlantic Ave Unit 720, Daytona Beach, FL 32118

1909 S Atlantic Ave Unit 720

Daytona Beach, FL 32118

  • 26 days on market
Double Your Investment Potential: Two Oceanfront Condos with Guaranteed Income! Don't miss this incredible opportunity to acquire two turnkey condos at the Oceanside Inn, already generating substantial rental income. One unit is currently leased, providing nearly 900 in monthly net profit, while the second unit thrives as a successful Airbnb rental. Benefit from hassle-free ownership with all utilities, including internet and cable, covered by the association fee. The Oceanside Inn offers a prime location with a vibrant atmosphere, featuring a new restaurant, tiki bar, and direct beach access, ensuring high occupancy rates and strong returns. Seller financing available! Contact us today to learn more about this lucrative investment.

Details

Property type

Condominium

Est. home value

$157,738

Property condition

Updated/Remodeled

Lot size

1.8 acres

Price per sq ft

$309

Year built

1970

Annual property taxes

$2,081

Monthly HOA fee

$809.91

Price History

10/24/2024
Daytona

Daytona #1205170

Listed
$245,000
+34.62%
11/21/2022
Daytona

Daytona #1101071

Sold
$182,000
+13.75%
06/06/2022
Daytona

Daytona #1091533

Sold
$160,000
+60%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$152,489
Asking price
$245,000
Closing costs (~8% of asking)
-$19,600
Est. remaining loan balance
-$72,911
Cash to seller
$152,489

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Market Street Mortgage Corp

Loan start date

July 2004

Original loan amount

$135,000

Est. remaining balance

$72,911

Interest rate

6.3%

Loan type

Not Provided, 30 year

Seller

Mark Edward Neuman and Linda J Neuman

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/19/2024 at 1:40 PM

Listing updated: 11/12/2024 at 2:33 PM

Listed by: Joy Pratt-Martin PA, LPT Realty, LLC

MLS: Daytona #1205170

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