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Property
Beds
44
Full Baths
None
1/2 Baths
None
Year Built
1974
Sq.Footage
21,980
Oakwood is roughly 2 miles from the beach and is composed of 18 two bedroom one baths (900+/- SF), 8 one bedroom one baths (720+/- SF), and one 450+/- SF studio. While in place rents for the 1/1s are $1,059 per month, $1,150 has been achieved on recent leases and comps show $1,200 is the next target. The 2/1s are averaging in place $1,205/month, with recent leases at $1,275/month and a newly advertised rent of $1,299/month. The overall in place average rent is $1,156/month with the target market rent at $1,253/month. The flat roof was replaced 2015+/- and the mansard shingle portion was replaced in 2023. As with Sprucewood, almost $5,000/unit has been spent on capx, including shingles, HVAC units, water heaters, appliances, cabinets, countertops, flooring, and converting a storage room to the studio unit. Seller has another offering of 20 units available. See MLS #R4907511
Features & Amenities
Interior
-
Other Interior Features
Other
-
Total Bedrooms
44
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Concrete
-
Other Exterior Features
Other
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.92
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$3,200,000
-
Tax Amount
34304.34
-
Zoning
R-2
-
Sq. Footage
21, 980
-
Price/SqFt
$145
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Other
-
Ownership
Fee Simple
-
Sewer
Public Sewer
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Location
County
Volusia
Elementary School
Middle School
High School
Listing Courtesy of Beau Beery , BRG REALTY VENTURES
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