542 Faulkner St., New Smyrna Beach, FL 32168

Income property in the heart of town! Huge potential for this 6 unit rental, including possibility of adding 3 more units. Located in BBH overlay zone. Circa 1900 (per owner), this building consists of 2 efficiency units plus 4 one bdrm apartments. All the efficiency units & one of the apartments are rented on a month-to-month basis. Most tenants have been in residence for a long time. Remodeling throughout will be needed. The vacant apartment has been gutted. There are 2 fireplaces (both covered over). Tenants are responsible for electric & each unit is separately metered. There is one gas meter which provides heat & hot water for the building (2012 total cost $874.59) which is paid by Landlord. There is an additional electric meter & that account includes the consumption of water & use of sewer for the building (2012 total $1,237.99) also paid by Landlord. Currently monthly rents as follows: #1 vacant, #2 $400, #3 $365, #4 $430, #5 $400, #6 $550. Showings by advance appointment only.