Property Description

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.

Features
: Electric
: Central Air
: Shingle
Additional Details
THE HIGH TIDE GROUP
Tara Lyall
: Refrigerator, Microwave, Range
$0
: Wood Frame
57
West
From US Hwy 1 go east onto Washington St and left onto Rush St.
: Other
: Luxury Vinyl
: Slab
: Ceiling Fans(s)
: Electric Dryer Hookup, Washer Hookup
: Two
MFR269504598
MFR269505518
50x119
Active
744127010040
: Public Sewer
Active
2
SMITHS D P NEW SMYRNA
$5,524
2023
: Electricity Connected, Water Connected
Map Details
US
Florida
Volusia
NEW SMYRNA BEACH
RUSH
307
STREET
0
W81° 4' 27.5''
N29° 1' 37.8''
32168 - New Smyrna Beach

$1,010,000

307 RUSH STREET
NEW SMYRNA BEACH, Florida

7 Bedrooms
5 Bathrooms
2,792 Sqft
Listing ID #MFRNS1080603
Basic Details
Property Type : Residential
Listing ID : MFRNS1080603
Price : $1,010,000
Bedrooms : 7
Bathrooms : 5
Square Footage : 2,792 Sqft
Year Built : 1920
Lot Size : 5,950 Sqft
Property Sub Type : Single Family Residence
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