For Sale
$550,000

274 Laws LnOrmond Beach, FL 32174

Prime location, updated triplex, high returns.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Ormond Beach triplex presents a lucrative investment opportunity. Priced at $550,000, this mixed-use property sits on a 0.15-acre lot and offers three meticulously updated units. The ground floor unit boasts two bedrooms and two bathrooms, with a unique layout allowing for the creation of a separate efficiency apartment, perfect for multi-generational living or an in-law suite. The second floor features two charming apartments, each with its own private balcony. All three units benefit from separate electric meters, although the seller currently covers all utilities and furnishings as part of the rental agreement, simplifying management and maximizing rental income. This established business model enjoys consistently high occupancy rates. Recent upgrades include a 2012 roof replacement and tankless water heaters, ensuring the property is well-maintained. Additional amenities include on-site laundry facilities, ample off-street parking for six vehicles, and a spacious storage shed. Conveniently located in central Ormond Beach, this property offers easy access to local dining, the Halifax River, and the beach. Buyers are advised to verify zoning regulations regarding rental restrictions with the city. All measurements are approximate, and information is deemed reliable but not guaranteed. Square footage is derived from tax records. There are no warranties expressed or implied.

Property Details for 274 Laws Ln

Property type
Mixed-use properties
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Ormond Beach
County
12127
State
Florida
Latitude
29.2795712
Longitude
-81.0620467
274 Laws Ln, Ormond Beach, Florida

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274 Laws Ln
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