274 Laws Lane

Ormond Beach, FL 32174

$550,000
Price
—
Beds
1,708 Sq. Ft.
$322 / Sq. Ft.
1,708
Sq. Ft.
$322
per Sq. Ft.

Description

Great New Price! Don't miss out on the incredible opportunity to acquire this remarkable triplex. Whether you choose to reside in one unit and lease the others or capitalize on renting all three for maximum returns, this property promises versatility and profitability. Each of the three units has been meticulously updated to offer impeccable living spaces. The first floor presents a unique layout featuring two bedrooms and two baths. What sets this unit apart is the ability to partition off one side,...Great New Price! Don't miss out on the incredible opportunity to acquire this remarkable triplex. Whether you choose to reside in one unit and lease the others or capitalize on renting all three for maximum returns, this property promises versatility and profitability. Each of the three units has been meticulously updated to offer impeccable living spaces. The first floor presents a unique layout featuring two bedrooms and two baths. What sets this unit apart is the ability to partition off one side, creating a secluded efficiency area ideal for an in-law suite or accommodating a multi-generational lifestyle. On the second floor, two charming apartments await, each with its own balcony, providing a cozy retreat for tenants. Despite having three separate electric meters, the seller covers all utilities and furnishings in the rent, simplifying management for tenants and ensuring good returns for the owner. This investment opportunity boasts a highly desirable business model that rarely experiences vacancies, and when available, units are swiftly filled. Licensing is already in place for this well-maintained property, with updates including a 2012 roof replacement, tankless water heaters, and pristine condition throughout. Additional amenities include on-site laundry facilities, ample off-street parking for six vehicles, and a spacious storage shed. Nestled on a generous lot in central Ormond Beach, the property offers proximity to excellent dining options, the Halifax River, and just a short drive to the beach. Come see this great investment today! There are no warranties expressed or implied. All measurements are approximate. Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed. Buyers should check city zoning for rental restrictions.
  1. Listed by Colleen Calnan • CALNAN REAL ESTATE

Property Details for 274 Laws Lane

Subdivision Name
LIBERIA ADD ORMOND FLA
Township
14S
Waterfront
No
Furnished
Furnished
LISTING UPDATED: 11/04/2024 08:35 AM

Property Details for 274 Laws Lane

StatusActive
MLS #V4935709
Days on Market217
Taxes$5,664 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1960
Lot Size0.15 AC / 6,600 SF
CountyVolusia County

Building Information for 274 Laws Lane

Stories-Residences3Year Built1960Building Size-Lot Size0.15 AC / 6,600 SF

Property Information for 274 Laws Lane

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 2500.0
  • Building Area Units: Square Feet
  • Directions: from Granada and US1 head south a few blocks to Laws lane on right, go to end of street
  • Elementary School: Pine Trail Elem
  • Middle Or Junior School: Ormond Beach Middle
  • High School: Seabreeze High School
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 274
  • Street Name: LAWS
  • Street Suffix: LANE
  • State: FL
  • City: ORMOND BEACH
  • Between US 1 River YN: No
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Off Street
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 2
  • Tax Book Number: MBES-32
  • Tax Legal Description: LOT 20 BLK 2 LIBERIA ORMOND MB 2 PG 118 PER OR 4684 PGS 0511-0514 INC PER OR 6268 PG 0851 PER OR 6301 PGS 1427-1428 PER OR 6598 PG 4793 PER OR 8072 PG 3890
  • Tax Lot: 20
  • Tax Year: 2023
Property
Lot Information
  • Additional Parcels: No
  • Lot Size Dimensions: 60x110
  • Parcel Number: 424108020200
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: MULTI
  • Living Area: 1708
  • Lot Dimensions: 60x110
Property and Assessments
  • Year Built Numeric: 1960
  • Flood Zone Code: X & AE
  • New Construction: No
  • Public Survey Range: 32E
  • Public Survey Section: 41
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Concrete
  • Exterior Features: Outbuilding
  • Foundation Details: Slab
  • Levels: Two
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Other
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Heating: Central
  • Interior Features: Ceiling Fans(s), Crown Molding, Ninguno
  • Laundry Features: Common Area
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $35,000.00
  • Est Annual Market Income: $53,700.00
  • Unit Count: 3
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 2
  • Unit Type Heated Sq Ft 1: 854
  • Unit Type Pro Forma 1: 1800
  • Unit Type Type 1: 2 Bed/2 Bath
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Pro Forma 2: 1500
  • Unit Type Type 2: 1 Bed/1 Bath
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 1
  • Unit Type Pro Forma 3: 1175
  • Unit Type Type 3: 1 Bed/1 Bath

Property History for 274 Laws Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 274 Laws Lane

Taxable ValueLand$46,800Additions$312,134Total$358,934
Tax Record2023$5,664 ($472 / month)
Home Facts
Baths4Total Finished SqFt1,708 SqFtAbove Grade Finished SqFt1,708 SqFtStories1Lot Size6,600 SqFtStyleQuadraplexYear Built1960Year Renovated2005CountyVOLUSIAAPN4241-08-02-0200

Schools near 274 Laws Lane

This home is within Volusia.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Pine Trail Elementary School
PublicPK to 5

Ormond Beach Middle School
Public6 to 8

Seabreeze High School
Public9 to 12

P.A.C.E. Center For Girls
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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274 Laws Lane is a multi-family home for sale in Ormond Beach, FL 32174. This property was listed for sale on April 15, 2024 by CALNAN REAL ESTATE, it's currently listed at $550,000. It has been on the market for a total of 217 days and was last sold on June 25, 2021. This listing's school district is Volusia. Nearby schools include Pine Trail Elementary School, Ormond Beach Middle School and Seabreeze High School. 274 Laws Lane is a 0-bed, 0-bath, 1,708 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CALNAN REAL ESTATE, Colleen Calnan

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/04/2024 08:35 AM