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Nestled in the heart of New Smyrna Beach, a community renowned for its stunning shoreline and active marketplace, this property offers a unique prospect for both investors and future residents. Located just a short stroll from the energetic Canal Street, with a picturesque vantage point overlooking the Intercoastal and Beach, this 4-plex, consisting of two buildings with 1,056 square feet per unit, perfectly captures the essence of accessible coastal living. The property includes four income-generating units and has a strong history as an Airbnb rental, proving its value as a reliable source of income. New Smyrna Beach is home to a varied and talented workforce, with professionals in fields such as engineering, IT, healthcare, and finance, creating a rich landscape of opportunity. Spanning both the mainland and beachside areas, this property provides the benefits of urban convenience while still enjoying the peacefulness of coastal life. With a cap rate exceeding 8%, this 4-plex presents a compelling investment in today’s market. Whether you’re seeking a profitable addition to your portfolio or a serene coastal escape, this property delivers both financial rewards and an enviable lifestyle in the desirable New Smyrna Beach area.
Price: | $828,900 |
Address: | 610-612 / 614-616 Warn Ree Circle |
City: | New Smyrna Beach |
County: | Volusia |
State: | Florida |
Zip Code: | 32168 |
Subdivision: | E K Lowds Sub |
MLS: | T3552678 |
Year Built: | 1991 |
Square Feet: | 4,112 |
Acres: | 2 |
Lot Square Feet: | 2 acres |
Bedrooms: | 8 |
Bathrooms: | 8 |