Water Views - Golf Course
1050 WAYNE AVENUE New Smyrna Beach, FL
$ 5,690,000
Property Attributes
  • MLS#O5769726
  • TypeIncome
  • CountyVOLUSIA
  • CityNew Smyrna Beach
  • AreaNew Smyrna Beach
  • NeighborhoodDouble Eagle
  • Zip32168
  • StyleMulti-Family
  • Year Built1980
  • Taxes33702
  • Price$ 5,690,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage40538
  • Lot Size4.14 Acres
Listing Provided Courtesy Of:
Property Description

8 CAP! Across the street from the New Smyrna Beach Golf Course - Property was just recently fully renovated top to bottom 37 units -24 units 2 bed 1 bath apartments (older leases are $1095/m, new leases are $1195/m) and 13 units 3 bed 2 bath town-homes rent is $1295/m the new tenants and RE-leases Tenants pay an additional $125/m for water/sewer/cable/internet. Each 2/1 is approximately 1012 sq ft each and Each 3/2 is approximately 1250 sq ft each with a total of 40,538 total sq ft. Approximately 4.13 acres of land with 61 parking spaces for 6 buildings and an Extra Building pad to build a new building (8 units) value add position! All of these items are NEW: Roofs, Windows, Sliding Doors, Siding, Paint in and out, Bath and Kitchen cabinets, Granite counter tops, Appliances, Faucets, Carpet (upstairs), Vinyl (upstairs wet areas), Tile (downstairs), Sinks, Shower Valves, Common lighting, Repaved Parking Lot, Retention pond pump, Gutters, and Blinds. Most AC units new, Most new hot water heaters, Washer Dryer hookup in each unit. Recently new Certificate of Occupancy, Recently inspected by Fire Department and Building Officials. 97% Occupied.

Price History
2/2/2020 Listed $5,700,000
3/4/2020 1% - $5,690,000

General Features

Flooring Carpet, Ceramic Tile, Vinyl
Lease Term 12 Months
Levels Multi/Split
MLS Area 32168 - New Smyrna Beach
Minimum Lease Period 8-12 Months
Number Of Pets 2
Pet Restrictions per landlord's discretion
Pet Size Small (16-35 Lbs.)
Pets Allowed Breed Restrictions, Number Limit, Size Limit, Yes
Property Description Mid Rise
Property SubType Multi-Family
Property Type Residential Income
Security Features Security Lights, Smoke Detector(s)
Special Listing Conditions None
Status Active
Subdivision Name DOUBLE EAGLE
Terms Cash, Conventional
Total Num Buildings 6
Total Units 37
Township 17
Year Built 1980
Zoning 10R4

Interior Features

Additional Rooms Inside Utility
Appliances Dishwasher, Gas Water Heater, Ice Maker, Microwave, Range
Cooling Central Air
Furnished Y/N Unfurnished
Heating Central, Natural Gas
Interior Features Window Treatments
Laundry Features Inside
Living Area 40538.00
Unit Count 2
Utilities BB/HS Internet Available, Cable Connected, Electricity Connected, Fire Hydrant, Natural Gas Connected, Public, Sewer Connected, Underground Utilities

Exterior Features

Building Area Total 40538.00
Carport Spaces 61
Construction Materials Wood Frame
Exterior Features Lighting
Lot Dimensions 459x264x551x294x170x133
Lot Features Oversized Lot, Street Paved, Street Private
Lot Size Acres 4.14
Lot Size Square Feet 180330
Number of Lots 1
Parking Features Circular Driveway, Common
Roof Shingle
Sewer Public Sewer
View Golf Course, Water
Water View Pond
Water View Y/N Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32168

AVG $5.69M
AVG $33,702
AVG 2478
Year Built
AVG 1980