$239,900
701-705 S Palmetto Avenue Daytona Beach, FL 32114
For Sale MLS# O6348079
4 beds 2 baths 1,242 sq ft Multi-family
Details for 701-705 S Palmetto Avenue
MLS# O6348079
Description for 701-705 S Palmetto Avenue, Daytona Beach, FL, 32114
This well-maintained and recently updated duplex is a strong cash-flowing investment opportunity in the heart of Daytona Beach. Each unit has benefited from extensive upgrades over the past few years, including new cabinets, granite countertops, modern appliances, updated HVAC systems, water heaters, windows, fencing, and more—minimizing near-term capital expenditures for the next owner. Both units are currently tenant-occupied at $950 and $1,000 per month each, providing immediate rental income of $1,950 per month ($23,400 annually). With its desirable location and significant improvements, this property offers long-term stability while also presenting upside potential for investors to gradually increase rents in line with the Daytona Beach market. Whether you’re expanding your portfolio or entering the market for the first time, 701 S Palmetto Ave represents a turnkey opportunity with strong fundamentals and future growth potential.
Listing Information
Property Type: Residential, Duplex
Status: Active
Bedrooms: 4
Bathrooms: 2
Lot Size: 0.11 Acres
Square Feet: 1,242 sq ft
Year Built: 1950
Stories: 1 Story
Construction: Block
Construction Display: New Construction
Subdivision: Higbees Daytona
Foundation: Slab
Number Of Units Total: 2
County: Volusia
Construction Status: New Construction
School Information
Elementary: Turie T. Small Elem
Middle: Campbell Middle
High: Mainland High School
Additonal Room Information
Laundry: Common Area, Laundry Room
Interior Features
Appliances: Range, Refrigerator
Flooring: Ceramic Tile,Other,Tile,Vinyl
Additional Interior Features: Solid Surface Counters, Stone Counters
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Connected,Municipal Utilities,Sewer Connected
Cooling: Central Air
Heating: Central, Electric
Exterior / Lot Features
Parking Description: driveway
Roof: Shingle
Lot Dimensions: 59x80
Additional Exterior/Lot Features: Fence, Lighting, Storage, Screened, Front Porch
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1050
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1050
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Driving Directions
Start in Downtown DeLand. Head east on US-92 E / International Speedway Blvd toward Daytona Beach (approximately 23 miles). As you approach Daytona Beach, continue straight on International Speedway Blvd. Turn right onto S Palmetto Ave. Continue a short distance, and 701 S Palmetto Ave will be on your right.
Financial Considerations
Terms: Cash,Conventional,FHA,VA Loan
Tenant Pays: Electricity,Sewer,Water
Gross Income: 22800
Tax/Property ID: 39-15-33-03-60-0012
Tax Amount: 2638
Tax Year: 2024
A broker reciprocity listing courtesy: RLW REALTY
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 701-705 S Palmetto Avenue
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 701-705 S Palmetto Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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