1508 Espanola Avenue
Property Description
TWO UNITS. ENDLESS POSSIBILITIES. ONE INCREDIBLE OPPORTUNITY! Whether you're looking to start your real estate investment journey, expand your rental portfolio, or become a homeowner while generating rental income, this Holly Hill DUPLEX offers the flexibility you've been searching for! Featuring approximately 1,072 sq. ft. per unit, this property offers two spacious residences with updated kitchens, refreshed bathrooms, and new flooring, providing a fresh, inviting feel. A NEW ROOF installed in 2022 adds even more value, while fenced outdoor space, a wood deck, and ample front parking make everyday living convenient and enjoyable. INVESTORS, TAKE NOTICE! Both units have been occupied by long-term tenants, with previous rental rates of $1,500 per unit, representing a combined $3,000 in potential monthly rental income based on rental history. Separate water and electric meters for each unit add convenience for rental management. FIRST-TIME BUYERS, THINK BIGGER! Why purchase a traditional single-family home when you could potentially live in one unit and rent out the other? This duplex presents an exciting opportunity to explore FHA or VA owner-occupied financing options, subject to lender approval, while using rental income to help offset your mortgage payment. Location? It doesn't get much more convenient! Situated in the heart of Holly Hill, you're just minutes from shopping, restaurants, public transportation, the beautiful Halifax River, and the World's Most Famous Beach-Daytona Beach! LIVE IN ONE. RENT THE OTHER. OR KEEP BOTH AS INCOME-PRODUCING RENTALS! Opportunities offering this level of flexibility don't come around every day. Schedule your private showing and discover the possibilities! All information is intended to be accurate but is not guaranteed. Rental figures reflect previous rents and are not a guarantee of future income. Buyer to verify all information, including square footage, rental terms, property condition, and financing eligibility.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $299,000 |
| No. of Units: | 2 |
| Year Built: | 1978 |
| Lot Size: | 2,144.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $149,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 3 |
ID: 3yd-DBAARFL-1231796
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout