205 Wild Olive AVE, Daytona Beach, FL 32118
205 Wild Olive AVE, Daytona Beach, FL 32118
205 Wild Olive AVE, Daytona Beach, FL 32118
205 Wild Olive AVE, Daytona Beach, FL 32118
205 Wild Olive AVE, Daytona Beach, FL 32118
205 Wild Olive AVE, Daytona Beach, FL 32118
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Jorge Lucena

Jorge Lucena

+1(386) 287-2045
$ 748,500
Est. payment | /mo

6 Beds

6 Baths

2,370 SqFt

Save
$ 748,500
Est. payment | /mo
Save

6 Beds

6 Baths

2,370 SqFt

Key Details

Property Type Multi-Family, Multi Unit, Duplex/Multi Unit Lot

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,370 sqft

Price per Sqft $315

Subdivision Memento

MLS Listing ID 1228771

Bedrooms 6

Full Baths 6

Annual Tax Amount $2,846

Lot Size 6,098 Sqft

Lot Dimensions 0.14

Property Sub-Type Triplex

Source Daytona Beach Area Association of REALTORS®

Property Description

TRIPLE CROWN OFFERING! Rare, turnkey beachside triplex delivering a 7.8 percent potential CAP rate and positive cash flow, with potential gross income of $90,000+ annually based on market projections. Fully renovated with three desirable 2BR/2BA units featuring modern coastal finishes and zero deferred maintenance. Front Residence (1,100 SF): 2BR/2BA + bonus room/office & private laundry hookups. Rear Duplex (1,300 SF Total): Two identical 2BR/2BA units + shared laundry. Prime location directly across from Daytona Lagoon Waterpark and steps from the Atlantic Ocean, Ocean Center, dining, and entertainment. Seller Concession: With an acceptable offer, seller will pay the buyer's adjusted property taxes and homeowner's insurance for the ensuing 12 months at closing! A rare turnkey investment opportunity offering strong pro-forma yields, upside, and immediate cash flow potential in the heart of Daytona Beach! Unit 205 - Front Single-Family Residence (Approx. 1,100 SF) 2 Bedrooms | 2 Bathrooms | Flexible Bonus Room This beautifully renovated single-family residence has been completely transformed with luxury coastal finishes throughout while preserving its beachside charm. The flexible bonus room is ideal for a home office, media room, or additional sleeping area. Unlike the rear units, this residence includes its own private washer and dryer hookups, eliminating the need to use the shared exterior laundry. Units 207A & 207B - Rear Duplex (Approx. 1,300 SF Total) Two Separate 2 Bedroom | 2 Bathroom Residences These identical upper and lower residences offer efficient layouts, durable upscale finishes, and broad rental appeal. Designed for easy ownership and long-term performance, they attract vacation renters, professionals, and seasonal residents alike. Exceptional Beachside Location Located within one of Daytona Beach's most walkable entertainment districts, the property benefits from year-round demand. Directly across from Daytona Lagoon Waterpark. Short walk to the Atlantic Ocean. Minutes to the Ocean Center and Peabody Auditorium. Walking distance to restaurants, nightlife, and entertainment. Shared outdoor laundry facility available for the rear duplex units. The Bottom Line Investment opportunities offering this level of quality, location, and operational efficiency are becoming increasingly difficult to find along Florida's coast. With immediate cash flow, a strong in-place CAP rate, and the potential to substantially increase gross revenue through market-rate leasing, 205 N Wild Olive represents an exceptional acquisition opportunity for investors seeking both stability and upside.

Location

State FL

County Volusia

Community Memento

Direction From the intersection of A1A and Earl Street, head west on Earl Street. Turn right onto N. Wild Olive Avenue. The triplex is the third property on the left.

Interior

Heating Individual

Cooling Split System, Wall/Window Unit(s)

Fireplaces Type Wood Burning

Fireplace Yes

Exterior

Exterior Feature Courtyard

Parking Features On Street, Shared Driveway

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage No

Building

Lot Description Other

Water Public

Structure Type Cement Siding

New Construction Yes

Others

Senior Community No

Tax ID 5305-12-22-0180

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by Realty Pros Commercial

NEARBY SCHOOLS & PROPERTIES

Jorge Lucena

📍Volusia County and soundings
Whether buying your dream home, purchasing an investment property, selling your home to relocate or downsizing, I can assist you with your next transaction. 🏘️

+1(386) 287-2045

jorge.lucena@lptrealty.com

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205 Wild Olive AVE

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