Address307 Rush Street, NEW SMYRNA BEACH, FL, 32168

Price$1,010,000

  • 7 Beds
  • 5 Baths
  • Residential
  • 2,792 SQ FT
  • Built in 1920

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.

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Essential Information

  • MLS® #NS1080603
  • Price$1,010,000
  • Bedrooms7
  • Bathrooms5.00
  • Full Baths5
  • Square Footage2,792
  • Acres0.14
  • Price/SqFt$362 USD
  • Year Built1920
  • TypeResidential
  • StatusActive

Community Information

  • Address307 Rush Street
  • AreaNew Smyrna Beach
  • SubdivisionSMITHS D P NEW SMYRNA
  • CityNEW SMYRNA BEACH
  • CountyVolusia
  • StateFL
  • Zip Code32168

Sub-Type

Residential, Single Family Detached

Appliances

Microwave, Range, Refrigerator

Interior

  • Interior FeaturesCeiling Fans(s)
  • HeatingElectric
  • CoolingCentral Air
  • # of Stories2

Exterior

  • Exterior FeaturesOther
  • RoofShingle
  • FoundationSlab

Additional Information

  • Date ListedFebruary 14th, 2024
  • Days on Market89
  • Zoning10R5

Listing Details

  • OfficeTHE HIGH TIDE GROUP
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Price Change History for 307 Rush Street, NEW SMYRNA BEACH, FL (MLS® #NS1080603)

Date Details Change
Price Reduced from $1,100,000 to $1,010,000 $90,000 (8.18%)

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