Property Description

Under contract-accepting backup offers. Exceptional Mixed-Use Quadruplex in the Heart of Downtown New Smyrna Beach. Discover a rare investment opportunity just steps from Canal Street's vibrant shops, restaurants, and galleries. This meticulously maintained quadruplex offers an unbeatable location and incredibleversatility in one of Central Florida's most desirable coastal communities. Zoned Mixed Use, the property supports a wide range of possibilities- long-term or short-term residential rentals, professional offices, boutique retail, or a combination of income-producing spaces. With its primedowntown setting, it's perfectly positioned for both investors and owner-operators seeking reliable returns and future growth potential. Each unit is thoughtfully maintained, providing comfortable and inviting living or workspace options. The property comes fully furnished and ready for bookings with exception of tenants personal belongings and minor furnishings. A list of these items will be provided. This property also features ample off-street parking, exceptional walkability, and two separate laundry areas for tenant convenience. Whether you're expanding your investment portfolio or establishing a business in a high-traffic, highly walkable location, this unique downtown property offers unmatched flexibility, steady income potential, and timeless appeal. Expected annual gross rent from the four units $110,400, less currently annual expenses of $16,000, provides an expected annual net income of $94,900!

Property Features