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300 S Orange Street

New Smyrna Beach, FL 32168

– beds
– baths
2,661 sqft
4,054 sqft lot
$216 per sqft
1912 build
– on site

**Investment Opportunity: Short-term rental and MIXED USE zoning. Partially Updated 1920s Multi-Family Property in the Downtown Canal Street Historic District of New Smyrna Beach, Florida. Discover the potential of this unique multi-family dwelling originating from the vibrant 1920s, located in the sought-after downtown district of a thriving beach community. This property blends historical charm with partial modern updates, offering a solid foundation for future enhancements and significant rental income possibilities. **Property Features:** - **Four Rental Units with a mix of one- and two-bedroom apartments, catering to a diverse rental market. There are three units in the main dwelling. Unit 1: Fully updated in 2018, has one bedroom and one bathroom. Unit 2 is the entire 2nd floor (unfinished) and boasts two bedrooms and two full bathrooms with clawfoot tubs. Unit 3 has one-two bedrooms and one bathroom. Unit 4 which is an efficiency unit that was fully renovated in 2018. - **Partial Updates Completed:** The current owners have invested over $100k in property upgrades, to include an entire roof replacement and reinforced foundation. Two of the four rental units have been renovated featuring new floors, updated bathrooms, and newer appliances. These enhancements have been designed to retain the historic charm while providing the conveniences that today’s tenants demand. - **Exterior and Unit Upgrades Needed:** The property requires further updates to two units and some cosmetic improvements to the exterior, presenting a fantastic opportunity for an investor to add value and maximize return on investment. - **Community and Outdoor Spaces:** Tenants can enjoy the communal outdoor areas and the proximity to local amenities including parks, shops, and dining. 2 blocks from bustling Canal Street and 1.9 miles from the beach! - **Investment with Upside:** With its prime location and partial updates, this property is ideally positioned for an investor looking to capitalize on the booming rental market in a beach community. This property could also pair well with the proximity of the hospital as a housing option for traveling medical staff. The potential for future rent increases post-renovation makes this an appealing option for those looking to expand their portfolio.

Listing courtesy of STELLAR_MLS / SMITH REALTY AND ASSOC INC

Last checked: Checking… • Last updated May 3, 2024 •

MLS# NS1081242 —

The Building

Year Built:

1912
New Construction:

false
Construction Materials:

HardiPlank Type
# of Buildings:

1
Building Area Total:

2964
Levels:

Two
Roof:

Shingle
Foundation Details:

Slab

Interior

Interior Features:

Ninguno
Flooring:

Carpet
Fireplace:

false

Room Dimensions

Living Area:

2661
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

44 East to Palmetto, turn left onto Palmetto, left onto Douglas. The property is located on the corner of Orange and Douglas.
Latitude:

29.021981
Longitude:

-80.924767
Coordinates:

-80.924767, 29.021981

The Property

Parcel Number:

744139293370
Property Type:

Residential Income
Property Subtype:

Quadruplex
Property Condition:

Fixer
Lot Size Acres:

0.09
Lot Size SqFt:

4054
Lot Size Area:

4054
Lot Size Units:

Square Feet
Zoning:

MU
Exterior Features:

Sidewalk
Water Source:

Public
Total Acres:

0 to less than 1/4
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12127C0543J

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

337
Tax Block:

29
Tax Book Number:

MB4-135
Tax Annual Amount:

3620
Tax Legal Description:

LOT 337 EXC W 60.05 FT OF N 22.50 FT MEAS ON N & W LINES & EXC W 40.05 FT OF S 22.50 FT MEAS ON S & W LINES RESUB BLK 29 ANDREWS NEW SMYRNA MB 16 PG 112 PER OR 4608 PG 4944 PER OR 6210 PGS 2581-2582 PER OR 6995 PGS 2549-2550 PER OR 7370 PG 4362 PER OR 7466 PG 2650

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/NS1081242
Special Listing Conditions:

None
Buyer's Brokerage Compensation:

2.5%

Heating & Cooling

Heating:

Wall Units / Window Unit
Heating:

true
Cooling:

Mini-Split Unit(s)
Cooling:

true

Utilities

Utilities:

Public
Sewer:

Public Sewer

Appliances

Laundry Features:

None

The Community

Subdivision Name:

ANDREWS NEW SMYRNA RESUB BLK 29 PER
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/30/24 Apr 30, 2024	Relisted	STELLAR_MLS	$575,000
4/24/24 Apr 24, 2024	Pending	STELLAR_MLS	$575,000
4/19/24 Apr 19, 2024	Listed / Active	STELLAR_MLS	$575,000	155.6% (15.7% / YR)

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This multifamily located in Canal Downtown, New Smyrna Beach, FL 32168 is currently for sale for $575,000. 300 S Orange Street is a 2,661 square foot multifamily with – beds and – baths that has been on Estately for 13 days. 300 S Orange Street is in the Canal Downtown neighborhood of New Smyrna Beach and has a WalkScore® of 78, making it very walkable. This multifamily is in the attendance area of Read Pattillo Elementary School, New Smyrna Beach Middle School, and New Smyrna Beach High School.

Listing Courtesy of: STELLAR_MLS and SMITH REALTY AND ASSOC INC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.