Reduced SF 4/2 With Pool In Daytona Beach With Huge Potential! – FL 32119 Pending

  • $293,500
  • 4 beds
  • 2 baths
  • 2,220 sqft

Property Description:

Located in the Shangri-la neighborhood, just south of Emory Riddle, this investment opportunity has 4 bedrooms, 2 baths and a pool.  The property has a newer roof and ac units.  You will need cosmetic updates throughout.  If you wanted to open up the kitchen, it would be relatively easy to do.  Pool is in good condition as well.

The current owner closed in the garage to make a mother in law suite, that opens out to the pool area.  It was done with permits.  You could easily open it back up if you decided to turn back into a garage.  In our opinion and from what we can see, a lot of the houses in the neighborhood, either use their garages for storage or do not have a garage.   With turning it back into a garage, we think you value is $399,000.  Without the garage, we only allotted $100/sf or so for the enclosed space.  You could probably assign more value, as it is done nicely, but we wanted to stay conservative on ARV, due to the overall square footage.

A lot of the comps we have attached in the pictures are not rehabbed and/or do not have a pool.   Both Centennial and 1178 Lavonne have pools, but were not rehabbed.  They sold for 283/sf and 260/sf respectively.  Cypress and Powderhorn both had some upgrades but don’t have a pool.

The seller cannot close until the end of May as he is moving out of state, so with a quick rehab, you should be able to get this on the market during the summer.


Walkthrough Video:

E Paradise Ln
Daytona Beach, FL 32119
Square Feet:
Lot Size:
0.2 Acres
For Sale
Property Type:
Year Built:
Mostly Cosmetic
Const. Type:
MLS #:

Call (321) 379-5777 for more details

Property Location