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407 Magnolia St 3 Unit Apartment Building Offered at $1,040,840 CAD at a 5.81% Cap Rate New Smyrna Beach, FL 32168
Investment Highlights
- Walk to Shops and Restaurants downtown Historic Canal Street
- Property runs from front street to alley way in the back. Low Maintenance
- Located in the Bed and Breakfast District and Arts Overlay District
Executive Summary
Perfect 1031 Exchange 3 unit property located within a short walk to Riverside Drive Recreation area and the Downtown Business District
Property Facts
| Price | $1,040,840 CAD | No. Units | 3 |
| Price Per Unit | $346,947 CAD | Property Type | Multifamily |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.81% | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1913/2022 |
| Gross Rent Multiplier | 13 | ||
| Zoning | R5 - Multifamily Zoned property downtown New Smyrna Beach Florida. | ||
| Price | $1,040,840 CAD |
| Price Per Unit | $346,947 CAD |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.17 AC |
| No. Stories | 2 |
| Year Built/Renovated | 1913/2022 |
| Zoning | R5 - Multifamily Zoned property downtown New Smyrna Beach Florida. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Yard
Site Amenities
- Courtyard
- Laundry Facilities
- Guest Apartment
- Gas Range
- Trash Pickup - Curbside
- Vintage Building
- Walking/Biking Trails
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7441-38-04-0630 | Improvements Assessment | $199,494 CAD |
| Land Assessment | $185,713 CAD | Total Assessment | $385,207 CAD |
Property Taxes
Parcel Number
7441-38-04-0630
Land Assessment
$185,713 CAD
Improvements Assessment
$199,494 CAD
Total Assessment
$385,207 CAD
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407 Magnolia St
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