$160,000
●
Condo -
For Sale
251 ORANGE GROVE DRIVE #UNIT6
ORMOND BEACH, FL 32174
2 Beds
2 Baths,
1
Half Bath
1,316 Ft²
$1,450
Est. Monthly
$525
HOA / Fees
About This Property
Investor Special – 2 Bedroom, 2.5 Bath Townhouse
Great opportunity to renovate and make this townhouse your own! This 2-bedroom, 2.5-bath home has several major updates already completed, including new kitchen appliances installed in 2024 and a new A/C system installed in 2025.
The HOA covers all exterior maintenance, including the roof and exterior painting, providing added value and reduced maintenance responsibilities. The property also includes one dedicated covered carport parking space, with parking also in front.
The interior is in need of major renovations and is being sold as-is. The asking price reflects the extensive work required, making this an excellent opportunity for investors, flippers, or buyers looking for a renovation project. Cash buyers only.
Great opportunity to renovate and make this townhouse your own! This 2-bedroom, 2.5-bath home has several major updates already completed, including new kitchen appliances installed in 2024 and a new A/C system installed in 2025.
The HOA covers all exterior maintenance, including the roof and exterior painting, providing added value and reduced maintenance responsibilities. The property also includes one dedicated covered carport parking space, with parking also in front.
The interior is in need of major renovations and is being sold as-is. The asking price reflects the extensive work required, making this an excellent opportunity for investors, flippers, or buyers looking for a renovation project. Cash buyers only.
Unit Size
1,316 Ft²
Days on Market
123 days
Land Size
0.03 acres
Price per sqft
$122
Property Type
Condo
Property Taxes
$139
HOA Dues
$525
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (Stellar MLS #NS1088600)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 28, 2026 | Listed by AIELLO REAL ESTATE | $160,000 | |
| Listed by AIELLO REAL ESTATE | |||
Property Highlights
Air Conditioning
With View
Parking Details
Has Carport
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), Wet Bar, Eating Space In Kitchen, Living Room/Dining Room Combo, PrimaryBedroom Upstairs, Skylight(s)
Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Flooring Type: Carpet, Luxury Vinyl, Tile
Door Features: Sliding Doors
Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
Rooms: 4
Exterior Details
Has Property Attached
Square Footage: 1316
Square Footage Source: $0
Year Built: 1985
Building Area Total: 1430
Levels: Two
Building Area Units: Square Feet
Construction Materials: Wood Siding
Lot Size Area: 1316
Lot Size Units: Square Feet
Lot Size Acres: 0.03
Lot Size Square Feet: 1316
Tax Lot: 251F
Water Source: Canal/Lake For Irrigation
Financial Details
Tax Annual Amount: $1,672
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Trash, Water, Community Pool, Manager, Pool Maintenance
HOA Fee: $525
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/09/2026
|
2 Bed
|
2 Bath
|
1262 ft²
|
$197,900
2 Bed
2 Bath
1262 ft²
|
$187,000
-5.51%
05/28/2026
|
Jackie Balaban
RE/MAX SIGNATURE
| |
|
05/12/2022
|
2 Bed
|
2 Bath
|
1300 ft²
|
$287,000
2 Bed
2 Bath
1300 ft²
|
-
-
|
Bev McNair
Adams, Cameron & Co., Realtors
| |
|
01/17/2020
|
2 Bed
|
3 Bath
|
1262 ft²
|
$139,000
2 Bed
3 Bath
1262 ft²
|
-
-
|
-
|
Building Info
251 Orange Grove Drive
251 Orange Grove Drive, Ormond Beach, FL 32174
- 1 Unit for Sale
About Volusia
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Listed by: Liz Baker
AIELLO REAL ESTATE
Last Updated: 5 months ago
Data Source: Stellar MLS, MLS# NS1088600
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
AIELLO REAL ESTATE
Last Updated: 5 months ago
Data Source: Stellar MLS, MLS# NS1088600
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Phone: 425-283-2930
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