407 Magnolia St, New Smyrna Beach, FL 32168

Turn-Key 1031 Exchange Opportunity in Historic Downtown New Smyrna Beach! nOr perhaps you're looking for a charming downtown residence with an income-producing cottage?nRare opportunity to acquire a fully leased multifamily property located in the highly desirable B&B District of Historic Downtown New Smyrna Beach, also within the Historic and Arts Overlay Districts. Whether you're seeking a turn-key investment, a 1031 Exchange property, or a future owner-occupied residence with rental income, this unique property offers exceptional flexibility and long-term value.nIdeally situated just a short walk from Canal Street's popular shops, restaurants, art galleries, breweries, and year-round entertainment, this property offers the walkable downtown lifestyle that tenants love and that continues to drive strong rental demand.nThe property features a charming two-story main residence with two separate apartments, plus a detached cottage:nLower Unit: Spacious 2-bedroom, 1-bath apartment featuring a fireplace and private laundry.nUpper Unit: 1-bedroom, 1-bath apartment with a private rear entrance and its own laundry facilitiesnApproximately 800 square feet with loft, private laundry, and excellent rental flexibility.nAll three units are currently occupied by long-term tenants, providing immediate, stable cash flow from day one. Current gross rental income is approximately $63,000 annually.nProperty Highlights, Three fully leased residential rental units, Multi-family zoningnLocated w