307 RUSH STREET NEW SMYRNA BEACH FL 32168 MLS #NS1080603

307 RUSH STREET
NEW SMYRNA BEACH, FL, 32168
$1,010,000
7 Beds
5 Baths
2,792 SqFt
0.14 Acres
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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 Details

Price:
$1,010,000
MLS #:
NS1080603
Status:
Active
Beds:
7
Baths:
5
Address:
307 RUSH STREET
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
SMITHS D P NEW SMYRNA
City:
NEW SMYRNA BEACH
Listed Date:
Feb 14, 2024
State:
FL
Finished Sq Ft:
2,792
ZIP:
32168
Lot Size:
5,950 sqft / 0.14 acres (approx)
Year Built:
1920
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Schools

Interior

Appliances
Microwave, Range, Refrigerator
Bathrooms
5 Full Bathrooms
Cooling
Central Air
Flooring
Luxury Vinyl
Heating
Electric
Laundry Features
Electric Dryer Hookup, Washer Hookup

Exterior

Construction Materials
Wood Frame
Exterior Features
Other
Roof
Shingle

Financial

Buyer Agent Compensation
2.5%%
Tax Year
2023
Taxes
$5,524

Map

Community

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307 RUSH STREET
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