555 W GRANADA BOULEVARD, #B7
Ormond Beach, FL 32174
$130,500
Income-producing executive office condominium with immediate cash flow and value-add potential! Renovated 784 SF office condo featuring three private suites, reception/waiting area, kitchenette, private restroom, keypad entry, and ample common parking. Two suites are leased with an existing shared occupancy arrangement generating additional rental income. Pursuant to the current lease, the shared tenant has the option to lease the entire suite at a higher rental rate upon transfer of ownership, providing built-in upside. Current gross annual income is approximately $22,880 with potential gross income of approximately $31,720 when fully leased. HOA includes roof, exterior maintenance, landscaping, parking, water, sewer, trash, and building insurance. Excellent Granada Blvd. location with approximately 35,000 AADT. Ideal investment or owner-user opportunity for medical, wellness, counseling, legal, insurance, accounting, or professional office use.
Listing Courtesy of: NEXTIER
386-243-5099
Buyer Represented by: STELLAR NON-MEMBER OFFICE
| Listing Id: | V4950463 |
|---|---|
| List Price: | $139,000 |
| Close Price: | $130,500 |
| Close Date: | 2026-09-17 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Closed |
| Living Area: | 784 |
| Condo Fees: | 304.0 |
| Tax Annual Amount: | $1,218 |
| Lot Size Square Feet: | 785 |
| Lot Size Acres: | 0.02 |
| Waterfront?: | No |
| City: | Ormond Beach |
| County Or Parish: | Volusia |
| Subdivision Name: | Boulevard 01 Condo |
| Postal Code: | 32174 |
| Year Built: | 1988 |
| Association Fee: | $304 |
| Association Fee Frequency: | Monthly |
| Building Area Source: | Public Records |
| Building Area Total: | 784 |
| Building Area Units: | Square Feet |
| Foundation Details: | Slab |
| Construction Materials: | Brick |
| Cooling: | Central Air |
| Directions: | Take Granada Blvd. east, pass Nova Road, condo located on the north side of Granada before Orchard St. |
| Exterior Features: | None |
| Flooring: | Luxury Vinyl |
| Community Features: | Sidewalks |
| Gross Income: | $22,880 |
| Heating: | Central |
| Interior Features: | Ninguno |
| Laundry Features: | None |
| Lease Term: | Twelve Months |
| Listing Contract Date: | 2026-08-13 |
| Ownership: | Condominium |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.02 |
| Postal Code Plus4: | 9490 |
| MLS Area Major: | 32174 - Ormond Beach |
| MLS Area Major: | 32174 - Ormond Beach |
| Original List Price: | $139,000 |
| Other Equipment: | None |
| Parcel Number: | 424128020070 |
| Parking Features: | Common |
| Pets Allowed: | No |
| Property Attached?: | Yes |
| Township: | 14 |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional, Owner Financing |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Association?: | Yes |
| Total Actual Rent: | $1,740 |
| Financial Data Source: | Owner |
| Utilities: | BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Underground Utilities, Water Connected |
| Water Source: | Public |
| Property Condition: | Completed |
| Public Survey Range: | 32 |
| Public Survey Section: | 41 |
| Zoning: | COMMERCIAL |
| Possession: | Close Of Escrow |
| Alternate Key Folio Num: | 5075931 |
| Annual Expenses: | 6660 |
| Annual Net Income: | 15720.00 |
| Association Approval Required Yn: | No |
| Association Fee Requirement: | Required |
| Association Url: | https://daytonapropertymanagement.com/ |
| Available For Lease Yn: | Yes |
| Backups Requested Yn: | No |
| Building Area Total Srch Sq M: | 72.84 |
| Building Name Number: | BOULEVARD I &AND II CONDO |
| Calculated List Price By Calcula: | 177.30 |
| Cddyn: | No |
| Condo Fees Term: | Monthly |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/V4950463?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/V4950463?w=Customer |
| Dpryn: | Yes |
| Flood Zone Code: | X |
| Flood Zone Date: | 2014-02-19 |
| Flood Zone Panel: | 12127C0214J |
| Green Verification Count: | 0 |
| Lease Restrictions Yn: | Yes |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 72.84 |
| Lot Size Square Meters: | 73 |
| Monthly Condo Fee Amount: | $304 |
| Monthly Hoa Amount: | $304 |
| Realtor Info: | As-Is, Currently Leased, No Sign, Owner Motivated, Right of First Refusal |
| Sdeo yn: | No |
| Terms Of Lease: | Gross Lease |
| Total Acreage: | 0 to less than 1/4 |
| Total Annual Fees: | $7,296 |
| Total Monthly Expenses: | 550 |
| Total Monthly Fees: | $608 |
| Total Num Buildings: | 7 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association Name: | Boulevards/SOUTHERN STATES MANAGEMENT GROUP INC |
| Association Phone: | 386-446-6333 |
| Association 2 Yn: | 0 |
| Attribution Contact: | 386-243-5099 |
| Originating System Name : | Stellar MLS |
| Between Us 1 River Yn: | No |
| Dock Yn: | No |
| Green Energy Generation Yn: | No |
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Property Last Updated: October 08, 2026 06:25 PM - ET
