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1205 16th Street Edgewater, FL 32132

$409,900
Active / MLS# NS1089555 / Multi Unit - Multiple / Edgewater
6 Beds
2304 SqFt

Exceptional investment opportunity in the heart of Edgewater! This unique property features two homes on one parcel, offering flexibility for investors, multigenerational living or additional rental income. The property is tenant occupied, with the tenant recently renewing for another year, providing potential immediate rental income opportunity for the new owner. Conveniently between U.S. 1 and the Indian River, with easy access to shopping, dining, parks, boat ramps, and the beautiful beaches of New Smyrna Beach. Owner financing available. Buyer to verify lease terms and rental information.

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Estimated Payment

$ 1,623.77 per month $1,054.72 Principal & Interest $449.50 Property Tax $119.55 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.34 Acres
Roof Type: Shingle
Taxes: $5,394
Year Built: 1979

Amenities

Thermostat
Private Yard

Feature Descriptions

Annual Net Income: 38400.00
Appliances: Dishwasher, Range, Refrigerator
Directions: From I-95, take Exit 244 (SR 442/Indian River Blvd) and head east toward Edgewater. Turn left onto US Hwy 1 (Ridgewood Ave), then turn right onto 16th Street. Continue east. The property is located on the left between US Hwy 1 and the Indian River.
Exterior: Frame
Flood Zone Code: x
Flooring: Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Owner Financing
Lot Dimensions: 0.34
Other Equipment: Private Yard
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent 2
Special Sale Provisions: None
Utilities: Electricity Available, Electricity Connected, Water Available, Water Connected
Water: Public
Water Access Y/N: No
Zoning: -

Schools

High School: New Smyrna Beach High
Middle School: New Smyrna Beach Middl
Elementary School: Edgewater Public School

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: PREMIER SOTHEBY'S INTL. RLTY



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