205 N WILD OLIVE AVE Daytona Beach, FL 32118
6 Beds
6 Baths
2,370 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,370 sqft
Price per Sqft $369
Subdivision Smith Bertha K Resub Blks 17-18 21-23 & 26 Memento
MLS Listing ID NS1088052
Bedrooms 6
Construction Status Completed
HOA Y/N No
Year Built 1947
Annual Tax Amount $2,846
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x125
Property Sub-Type Triplex
Source Stellar MLS
Property Description
Unit 205 - Front Residence
Approx. 1,100 SF Single-Story Coastal Cottage
Originally taken nearly to the studs and rebuilt with exceptional craftsmanship, the front residence preserves the charm of the original character while delivering the feel of a brand-new home. The redesigned floor plan features:
2 spacious bedrooms
2 full bathrooms
Flexible bonus room ideal for a home office, bunk room, media space, or potential 3rd sleeping area
Original decorative fireplace feature
All-new roof, siding, systems, appliances, and finishes
This residence offers the perfect blend of historic beachside charm and modern luxury.
Unit 207 - Newly Constructed Rear Building
Approx. 1,300 SF Total Two Separate Residences
Built entirely from the ground up, the newly constructed rear building includes:
One upstairs 2BR/2BA residence
One downstairs 2BR/2BA residence
Both units were designed with elevated attention to detail, maximizing comfort, durability, and rental appeal.
Property Highlights
Fully turnkey investment opportunity
Three total 2BR/2BA residences
Brand-new plumbing, electrical, roofing, appliances, and major systems
Interior wall insulation for enhanced efficiency and sound reduction
Built with above-code considerations for adverse weather resilience
Dedicated outdoor laundry facility with oversized washer/dryer area
Modern coastal finishes throughout
Minimal deferred maintenance for years to come
Prime Beachside Location
Situated in one of the most walkable and desirable corridors of Daytona Beach, the property is moments from:
Daytona Lagoon Waterpark
The Ocean Center
Peabody Auditorium
Beaches, riverfront attractions, dining, nightlife, and shopping
Its premier location supports strong year-round rental demand from vacationers, seasonal visitors, event attendees, and beachside professionals alike.
Investment Performance
Projected cap rates exceed 7 percent when maximizing all rentable space, with estimated owner-occupied performance exceeding 4 percent cap rate scenarios. This asset offers investors the increasingly rare combination of:
New construction quality
Prime beachside positioning
Strong income potential
Low maintenance ownership
Long-term appreciation upside
For the discerning investor seeking a polished, income-producing coastal asset with immediate operational potential, 205 N Wild Olive Ave represents a standout opportunity in the Daytona Beach market.
Location
State FL
County Volusia
Community Smith Bertha K Resub Blks 17-18 21-23 & 26 Memento
Area 32118 - Daytona Beach/Holly Hill
Zoning 02RP
Interior
Interior Features Open Floorplan
Heating Ductless
Cooling Wall/Window Unit(s)
Flooring Luxury Vinyl
Fireplaces Type Living Room, Wood Burning
Furnishings Unfurnished
Fireplace true
Appliance Disposal, Dryer, Range, Refrigerator, Tankless Water Heater, Washer
Laundry Common Area, Laundry Room, Outside
Exterior
Exterior Feature Outbuildings
Parking Features Common, Driveway, On Street
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Gulf/Ocean - Partial
Roof Type Shingle
Porch Front Porch, Rear Porch
Garage false
Private Pool No
Building
Lot Description City Limits, Near Public Transit, Paved
Entry Level Two
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Cement Siding
New Construction true
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/NS1088052
