• 307 Rush Street NEW SMYRNA BEACH, FL 32168

  • $1,010,000
  • 7
    Bed(s)
  • 5
    Baths
  • 2,792
    Sq Ft
  • 0.14
    Acre
  • Listed By: THE HIGH TIDE GROUP
  • Source: MFRMLS (My Florida Regional MLS DBA Stellar MLS)

Welcome to the epitome of downtown living in New Smyrna Beach, where luxury and investment potential seamlessly merge. Nestled downtown on Rush Street in the bed-and-breakfast overlay, this multifamily gem is a testament to meticulous renovation and prime location. The property features a front house with four distinct apartments, providing a diverse mix of living spaces catering to various preferences. The front house includes two one-bedroom apartments and two two-bedroom apartments, ensuring versatility for tenants seeking different configurations. In addition to the front house, there is an additional studio cottage on the property, allowing for a fifth unit to be rented as well. The layout maximizes privacy and convenience, with each unit equipped with its own meter for utilities and dedicated washer and dryer hookups. This thoughtful design adds a layer of independence for residents and makes this property an ideal investment for both short-term and long-term rental opportunities. A standout feature of this multifamily home is its adherence to high-quality craftsmanship, with no expense spared during the $450,000 renovation. Rain engineering ensures the structural integrity of the property, making it resilient against the coastal climate. Inside, every detail has been carefully considered – from all-new flooring to cabinets and quartz countertops throughout. The result is a harmonious blend of modern aesthetics and functionality, making this property a turnkey investment opportunity. Tucked away in the heart of downtown New Smyrna Beach, this multifamily home not only promises an exceptional return on investment but also offers a chance to be part of a vibrant community. With the flexibility of short-term rentals allowed, this property opens the door to a lucrative income stream, attracting both tourists and long-term tenants alike. Don't miss the chance to own a piece of urban paradise where luxury, location, and investment potential converge.

Property Type :

Residential

Subdivision :

Smiths D P New Smyrna

County :

Volusia

Style :

Residential

Property Details

 

Bedroom Information

Total Bedroom: 7

Bathroom Information

Total Baths: 5

Full Baths: 5

Interior Features

Ceiling Fans(s)

Roof : Shingle

Appliances : Microwave, Range, Refrigerator

Laundry Features: Electric Dryer Hookup, Washer Hookup

Roofing Information

Shingle

Flooring Information

Flooring : Luxury Vinyl

Construction Materials : Wood Frame

Heating & Cooling

Heating: Electric

Cooling: Central Air

WaterSource: Public

Building Information

Year Built: 1920

Exterior Features

Other

Construction Materials: Wood Frame

Foundation Details: Slab

Lot Information

Lot Dimensions: 50x119

Lot Square Feet: 5950

Lot Acres: 0.14

Lot Size (SqMt): 553

Property Information

Property Type: Residential

Sub Type: Single Family Residence

Listing Price Information

Original List Price: $1100000

Tax Information

Tax Block: 1

Tax Book Number: 1-111

Tax Lot: 4

Tax Legal Description: LOT 4 BLK 1 D P SMITHS NEW SMYRNA MB 1 PG 111 PER OR 5279 PG 3929 PER OR 6075 PG 1967 PER OR 6400 PGS 3680-3681 PER OR 6579 PG 4506 PER OR 8247 PG 1936 PER OR 8299 PG 3163

Annual Tax: $5523.72

Tax Year: 2023

Parcel Number: 744127010040

Utility Information

Electricity Connected, Water Connected

Sewer: Public Sewer

Water Source: Public

Location Information

Subdivision: SMITHS D P NEW SMYRNA

City: NEW SMYRNA BEACH

Direction: From US Hwy 1 go east onto Washington St and left onto Rush St.

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Magnolia Road, New Smyrna Beach, FL,32168 $99,999 -- -- 54,450 1.25 Acres
Turnbull Cove Drive, New Smyrna Beach, FL,32168 $889,000 -- -- 452,588 10.39 Acres
State Rd 415, New Smyrna Beach, FL,32168 $110,000 -- -- 33,106 0.76 Acre
2729 Tiffany Drive, New Smyrna Beach, FL,32168 $85,000 -- -- 101,495 101495 Sqft
722 Airport Road, New Smyrna Beach, FL,32168 $1,600,000 -- -- 871,200 20 Acres
LOT 18 - 4845 State Roa.., New Smyrna Beach, FL,32168 $350,000 -- -- 5,619,240 25 Acres
2354 Legacy Lane, New Smyrna Beach, FL,32168 $1,975,000 3 4 3,114 3.3 Acres
2327 &2329 Legacy Lane, New Smyrna Beach, FL,32168 $694,000 -- -- -- 2 Acres
2327 & 2329 Legacy Lane, New Smyrna Beach, FL,32168 $694,000 -- -- 43,734 2 Acres
545 Venetian Palms Boul.., New Smyrna Beach, FL,32168 $444,475 3 3 1,907 0.08 Acre

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Based on information submitted to the MLS GRID as of 05/04/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 05/04/2024 @ 18:20. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


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ByOwner last updated this listing 05/04/2024 @ 18:20

MLS: MFRMLS #NS1080603
LISTED BY: Tara Lyall, THE HIGH TIDE GROUP
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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