Listing Details for MLS # NS1087041
714 Downing Street, New Smyrna Beach, Fl 32168

Residential Property - Single Family Residence in New Smyrna Beach

Listing Price: $429,000Days on Market: 30

Description of Property

This versatile property offers exceptional opportunities for investors and owner-occupants. Situated on an expansive lot, the home features separate private entrances for the upper and lower units, creating true multi-use flexibility. The lower level offers approximately 1,066 square feet with two bedrooms and one-and-a-half bathrooms. The upper level provides approximately 966 square feet with two bedrooms and one bathroom. Both units are move-in ready, making this an ideal turnkey investment with immediate rental income potential. Owner-occupants will appreciate the option to live in one unit while offsetting mortgage expenses with rental income from the other, or to provide a private living space for extended family. Major capital improvements have already been completed, including a new roof, updated HVAC systems, water heater, renovated bathrooms, new flooring in the lower unit, and updated decking—minimizing future maintenance costs. Ideally located near Canal Street, Riverside Park, and the local Farmer’s Market, this property combines income potential, flexibility, and location in one compelling offering.The average asking price for a 4 bedroom/2 bath single family residence in this Zip code is $556,193. This single family residence is listed at about 77% of the average asking price. There are 28 4 bedroom/2 bath homes between $300,000 and $500,000 currently listed for sale in this Zip code. See other listings like this one »