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1050 Wayne Ave, New Smyrna Beach, FL – $5,700,000

  • $5.7M Price
  • 40,538 Sqft
  • 4.14 Acres
  • 311 DOM
  • $5.7M Price
  • 40,538 Sqft
  • 4.14 Acres
  • 311 DOM

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1050 Wayne Ave

Across the street from the New Smyrna Beach Golf Course - Property was just recently fully renovated top to bottom 37 units -24 units 2 bed 1 bath apartments (rent is $1095/m) and 13 units 3 bed 2 bath town-homes (rent is $1195/m the new tenants and RE-leases are 1295/m) Tenants pay an additional $125/m for water/sewer/cable/internet. Each 2/1 is approximately 1012 sq ft each and Each 3/2 is approximately 1250 sq ft each with a total of 40,538 total sq ft. Approximately 4.13 acres of land with 61 parking spaces for 6 buildings and an Extra Building pad to build a new building (8 units) value add position! All of these items are NEW: Roofs, Windows, Sliding Doors, Siding, Paint in and out, Bath and Kitchen cabinets, Granite counter tops, Appliances, Faucets, Carpet (upstairs), Vinyl (upstairs wet areas), Tile (downstairs), Sinks, Shower Valves, Common lighting, Repaved Parking Lot, Retention pond pump, Gutters, and Blinds. Most AC units new, Most new hot water heaters, Washer Dryer hookup in each unit. Recently new Certificate of Occupancy, Recently inspected by Fire Department and Building Officials. Units are filling up with more tenants every month and the property is over 95% full. Take over now and raise the rents higher on new incoming tenants.

Essential Information

  • MLS® #O5769726
  • Price$5,700,000
  • Bathrooms0.00
  • Square Footage40,538
  • Acres4.14
  • Year Built1980
  • TypeResidential
  • Sub-TypeIncome Producing & Multi-Family
  • StatusActive

Community Information

  • Address1050 Wayne Ave
  • AreaNew Smyrna Beach
  • SubdivisionDouble Eagle
  • CityNew Smyrna Beach
  • CountyVolusia County
  • StateFL
  • Zip Code32168


  • UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected, Fire Hydrant, Natural Gas Connected, Public, Sewer Connected, Underground Utilities
  • Parking Spaces61
  • ParkingCircular Driveway, Common
  • # of Garages61
  • Garages5+ Car Carport
  • ViewLot - Oversized, Street Paved, Street Private, Golf Course View, Water View


  • InteriorCarpet, Ceramic Tile, Vinyl
  • Interior FeaturesWindow Treatments
  • AppliancesDishwasher, Gas Water Heater, Ice Maker, Microwave, Range
  • HeatingCentral, Natural Gas
  • CoolingCentral Air
  • StoriesMid-rise, Multi/Split, Split Level


  • ExteriorWood Frame
  • Exterior FeaturesLighting
  • Lot DescriptionTwo + to Five Acres
  • RoofShingle

Additional Information

  • Zoning10R4

Listing Details

  • OfficeEmpire Network Realty
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Listing information courtesy of Empire Network Realty.

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.