300 S ORANGE Street

**Investment Opportunity: Short-term rental and MIXED USE zoning. Partially Updated 1920s Multi-Family Property in the Downtown Canal Street Historic District of New Smyrna Beach, Florida. Discover the potential of this unique multi-family dwelling originating from the vibrant 1920s, located in the sought-after downtown district of a thriving beach community. This property blends historical charm with partial modern updates, offering a solid foundation for future enhancements and significant rental income possibilities. **Property Features:** - **Four Rental Units with a mix of one- and two-bedroom apartments, catering to a diverse rental market. There are three units in the main dwelling. Unit 1: Renovated in 2018, has one bedroom and one bathroom. Unit 2 is the entire 2nd floor (unfinished) and boasts two bedrooms and two full bathrooms with clawfoot tubs. Unit 3 has one bedroom and one bathroom and a small room/office. Unit 4 which is an efficiency unit that was fully renovated in 2018. The current owners have invested over $100k in property upgrades, to include an entire roof replacement and reinforced foundation. Two of the four rental units have been renovated featuring new floors, updated bathrooms, and newer appliances. - **Exterior and Unit Upgrades Needed:** The property requires further updates to two units and some cosmetic improvements to the exterior, presenting a fantastic opportunity for an investor to add value and maximize return on investment. - **Community and Outdoor Spaces:** Tenants can enjoy the communal outdoor areas and the proximity to local amenities including parks, shops, and dining. 2 blocks from bustling Canal Street and 1.9 miles from the beach! - **Investment with Upside:** With its prime location and partial updates, this property is ideally positioned for an investor looking to capitalize on the booming rental market in a beach community. This property could also pair well with the proximity of the hospital as a housing option for traveling medical staff. The potential for future rent increases post-renovation makes this an appealing option for those looking to expand their portfolio.