555 W Granada Boulevard , Unit B7
Ormond Beach, FL 32174

Listed at $139,000

Details

  • MLS# V4950463
  • Multi Unit - Multiple
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 784 Square Feet
  • 0.020 acres
  • Built in 1988
  • Local Schools

Description

Income-producing executive office condominium with immediate cash flow and value-add potential! Renovated 784 SF office condo featuring three private suites, reception/waiting area, kitchenette, private restroom, keypad entry, and ample common parking. Two suites are leased with an existing shared occupancy arrangement generating additional rental income. Pursuant to the current lease, the shared tenant has the option to lease the entire suite at a higher rental rate upon transfer of ownership, providing built-in upside. Current gross annual income is approximately $22,880 with potential gross income of approximately $31,720 when fully leased....read more HOA includes roof, exterior maintenance, landscaping, parking, water, sewer, trash, and building insurance. Excellent Granada Blvd. location with approximately 35,000 AADT. Ideal investment or owner-user opportunity for medical, wellness, counseling, legal, insurance, accounting, or professional office use.

Features

  • Central Air
  • Luxury Vinyl
  • Central
  • $1,218 Taxes
  • Public
  • Built in 1988
View All Features

Contact the Agent

Contact the Listing Agent
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Annual Net Income: 15720.00
  • Community Features: Sidewalks
  • Condo Fee: $304/ Monthly
  • Cooling: Central Air
  • Days on Site: 5
  • Directions: Take Granada Blvd. east, pass Nova Road, condo located on the north side of Granada before Orchard St.
  • Exterior: Brick
  • Exterior Features: None
  • Flood Zone Code: X
  • Flooring: Luxury Vinyl
  • Foundation: Slab
  • Heating: Central
  • HOA Fee: 304/ Monthly
  • HOA Y/N: Yes
  • Home Warranty Y/N: No
  • Interior Features: Ninguno
  • Lease Terms: Twelve Months
  • Listing Terms: Cash, Conventional, Owner Financing
  • Lot Dimensions: 0.02
  • Lot Size: 0.02 Acres
  • Other Equipment: None
  • Ownership: Condominium
  • Parking: Common
  • Parking Notes: Common
  • Pets Allowed: No
  • Property Attached Y/N: Yes
  • Property Sub-Type: Quadruplex
  • Roof Type: Shingle
  • Sewer: Public Sewer
  • Showing Instructions: Call Listing Agent, Key/Agent, No Lockbox
  • Special Sale Provisions: None
  • Taxes: $1,218
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Underground Utilities, Water Connected
  • Water: Public
  • Water Access Y/N: No
  • Year Built: 1988
  • Zoning: COMMERCIAL