555 W GRANADA BOULEVARD B7, ORMOND BEACH, FL 32174
Share Listing
Listing Type
Multi Family
Listing Status
Active
17
$139,000
Home Details for 555 W GRANADA BOULEVARD B7
Price
$139,000
Type
Residential Income
Square feet
784
Year built
1988
Lot size acres
0.02
County
Volusia
MLS Listing#
V4950463
Hoa
304
Property Description
Income-producing executive office condominium with immediate cash flow and value-add potential! Renovated 784 SF office condo featuring three private suites, reception/waiting area, kitchenette, private restroom, keypad entry, and ample common parking. Two suites are leased with an existing shared occupancy arrangement generating additional rental income. Pursuant to the current lease, the shared tenant has the option to lease the entire suite at a higher rental rate upon transfer of ownership, providing built-in upside. Current gross annual income is approximately $22,880 with potential gross income of approximately $31,720 when fully leased. HOA includes roof, exterior maintenance, landscaping, parking, water, sewer, trash, and building insurance. Excellent Granada Blvd. location with approximately 35,000 AADT. Ideal investment or owner-user opportunity for medical, wellness, counseling, legal, insurance, accounting, or professional office use.