by Global Lifestyle Properties

See Home Value
$496,326
● Multifamily - Off Market

274 Laws LANE

ORMOND BEACH, FL 32174
bedrooms
Studio
bathrooms
0 Bath
square feet
1,708 Ft²
$3,173
Est. Monthly

About This Property

Great New Price!  Don't miss out on the incredible opportunity to acquire this remarkable triplex. Whether you choose to reside in one unit and lease the others or capitalize on renting all three for maximum returns, this property promises versatility and profitability.  Each of the three units has been meticulously updated to offer impeccable living spaces.  The first floor presents a unique layout featuring two bedrooms and two baths. What sets this unit apart is the ability to partition off one side, creating a secluded efficiency area ideal for an in-law suite or accommodating a multi-generational lifestyle.  On the second floor, two charming apartments await, each with its own balcony, providing a cozy retreat for tenants. Despite having three separate electric meters, the seller covers all utilities and furnishings in the rent, simplifying management for tenants and ensuring good returns for the owner. This investment opportunity boasts a highly desirable business model that rarely experiences vacancies, and when available, units are swiftly filled. Licensing is already in place for this well-maintained property, with updates including a 2012 roof replacement, tankless water heaters, and pristine condition throughout. Additional amenities include on-site laundry facilities, ample off-street parking for six vehicles, and a spacious storage shed. Nestled on a generous lot in central Ormond Beach, the property offers proximity to excellent dining options, the Halifax River, and just a short drive to the beach.  Come see this great investment today! There are no warranties expressed or implied. All measurements are approximate. Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed. Buyers should check city zoning for rental restrictions.
Unit Size
1,708 Ft²
Days on Market
241 days
Land Size
0.15 acres
Price per sqft
$322
Property Type
Multifamily
Property Taxes
$472
HOA Dues
-
Year Built
1960

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Last updated: 2 years ago (Stellar MLS #V4935709)

Price History

Date / Event Date Event Price
Dec 12, 2024 Sold
Sold
Nov 25, 2024 In contract -
In contract
Sep 14, 2024 Price Decreased $550,000
↓ $49K (8.2%)
Price Decreased
Jun 28, 2024 Price Decreased $599,000
↓ $41K (6.4%)
Price Decreased
Apr 15, 2024 Listed by CALNAN REAL ESTATE $639,900
Listed by CALNAN REAL ESTATE
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Property Highlights

Parking Available
Parking Details
Parking Features: Off Street
Interior Details
Interior Features: Ceiling Fan(s), Crown Molding, Ninguno
Laundry Features: Common Area
Exterior Details
Square Footage: 1708
Square Footage Source: $0
Year Built: 1960
Building Area Total: 2500
Levels: Two
Building Area Units: Square Feet
Construction Materials: Concrete
Lot Size Area: 6600
Lot Size Units: Square Feet
Lot Size Acres: 0.15
Lot Size Square Feet: 6600
Lot Size Dimensions: 60 x 110
Tax Lot: 20
Water Source: Public
Financial Details
Tax Annual Amount: $5,664
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Central
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20240415
04/15/2024
Loft
-
1708 ft²
$639,900
bedrooms
Loft
bathrooms
-
square feet
1708 ft²
$496,326 -22.44%
12/12/2024
Colleen Calnan
Cafferty Real Estate
20210423
04/23/2021
4 Bed
-
1848 ft²
$450,000
bedrooms
4 Bed
bathrooms
-
square feet
1848 ft²
-
-
-
20191206
12/06/2019
4 Bed
-
1848 ft²
$390,000
bedrooms
4 Bed
bathrooms
-
square feet
1848 ft²
-
-
-

Building Info

274 Laws Lane 274 Laws Lane, Ormond Beach, FL 32174
More about this Building
274 Laws Lane
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