201 Palmetto St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
201 Palmetto St
6 Unit Apartment Building $2,131,578 CAD ($355,263 CAD/Unit) 5.03% Cap Rate New Smyrna Beach, FL 32168
Investment Highlights
- Downtown Location- walk to everything!
- Operating cash flow in an emerging marketplace!
- Mixed Use Zoning allows for nightly, weekly, monthly, yearly rentals.
Executive Summary
A+ LOCATION *Beautiful Designer Rental* Operating 6-plex fully rented in downtown New Smyrna Beach. Located just one block of Canal Street, and two blocks from the Intracoastal, this remodeled building in the heart of downtown is ready to go! Tenants enjoy a beautiful, private living space with access to the shared courtyard, and onsite laundry facilities. Walk to all shopping and Dining, and the beach is only a 9 minute bike ride away. This unique location is AirBnB Legal, and allows for nightly, weekly, monthly, yearly rentals! Turn up the income by operating as an AirBnB!
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$149,310
|
$32.97
|
| Other Income |
$1,422
|
$0.31
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$150,732
|
$33.29
|
| Taxes |
$13,719
|
$3.03
|
| Operating Expenses |
$29,634
|
$6.54
|
| Total Expenses |
$43,354
|
$9.57
|
| Net Operating Income |
$107,378
|
$23.71
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $149,310 |
| Annual Per SF | $32.97 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,422 |
| Annual Per SF | $0.31 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $150,732 |
| Annual Per SF | $33.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,719 |
| Annual Per SF | $3.03 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,634 |
| Annual Per SF | $6.54 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $43,354 |
| Annual Per SF | $9.57 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $107,378 |
| Annual Per SF | $23.71 |
Property Facts
Unit Amenities
- Air Conditioning
- Cable Ready
- Bay Window
- Hardwood Floors
- Refrigerator
- Range
- Sunroom
- Deck
- Dining Room
- Porch
- Window Coverings
Site Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Trash Pickup - Curbside
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,417 CAD | 852 |
| 1+1 | 2 | $1,778 CAD | 468 |
Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 7441-38-15-2110 | Total Assessment | $806,753 CAD (2024) |
| Land Assessment | $253,903 CAD (2024) | Annual Taxes | $13,719 CAD ($3.03 CAD/SF) |
| Improvements Assessment | $552,850 CAD (2024) | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
7441-38-15-2110
Land Assessment
$253,903 CAD (2024)
Improvements Assessment
$552,850 CAD (2024)
Total Assessment
$806,753 CAD (2024)
Annual Taxes
$13,719 CAD ($3.03 CAD/SF)
Tax Year
2023 Payable 2024
zoning
| Zoning Code | R5 (Residential / Mixed Use) |
| R5 (Residential / Mixed Use) |
1 of 42
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
201 Palmetto St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.