822 Forest Lane
$225,000
3
2
1,216
1,216
$185
New
Description
This property offers a remarkable approximate 14% annual ROI. Currently operating as a residential income duplex, it is also grandfathered for commercial use. The front unit features 2 bedrooms, 1 bath, and an open kitchen/living area, while the back unit includes 1 bedroom, 1 bath, a spacious living area, and a kitchen. One unit is currently rented, with the second unit recently vacated. Combined, the units generate a gross monthly income of $2,000, or $24,000 annually. Both units have been recently...This property offers a remarkable approximate 14% annual ROI. Currently operating as a residential income duplex, it is also grandfathered for commercial use. The front unit features 2 bedrooms, 1 bath, and an open kitchen/living area, while the back unit includes 1 bedroom, 1 bath, a spacious living area, and a kitchen. One unit is currently rented, with the second unit recently vacated. Combined, the units generate a gross monthly income of $2,000, or $24,000 annually. Both units have been recently renovated, with upgrades to the HVAC, roof, flooring, water heater, walls, doors, and fixtures. The property offers two separate driveways for parking on the east side, along with a large parking area on the west side, accessible via Edwards Street. With its commercial zoning, this property offers flexible opportunities for various uses, such as residential income, conversion to commercial office space for additional income, or as a primary residence or commercial establishment. Don't miss this exceptional investment opportunity!
- Listed by Simon Diaz • EXP REALTY LLC
Property Details for 822 Forest Lane
Subdivision Name
FRST PARK
Township15
WaterfrontNo
LISTING UPDATED: 11/21/2024 08:26 PM
Property Details for 822 Forest Lane
Status | Active |
---|---|
MLS # | O6259440 |
Days on Market | Listed Today |
Taxes | $1,684 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1950 |
Lot Size | 0.18 AC / 7,813 SF |
County | Volusia County |
Building Information for 822 Forest Lane
Stories-Year Built1950Building Size-Lot Size0.18 AC / 7,813 SF
Property Information for 822 Forest Lane
Property History for 822 Forest Lane
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 822 Forest Lane
Taxable ValueLand$18,749Additions$79,679Total$98,428
Tax Record2023$1,684 ($140 / month)
Home Facts
Beds3Baths1.5Total Finished SqFt978 SqFtAbove Grade Finished SqFt978 SqFtStories1Lot Size7,812 SqFtStyleSingle Family ResidenceYear Built1950Year Renovated1975CountyVOLUSIAAPN5338-60-00-0060Fireplace TypeHas Fireplace
Schools near 822 Forest Lane
This home is within Volusia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Champion Elementary School PublicPK to 5 | ||
Ormond Beach Middle School Public6 to 8 | ||
Mainland High School Public9 to 12 | ||
The Chiles Academy Charter6 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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