15-Unit MultiFamily Opportunity
Multifamily | 15 Units | $160,000/unit
Marketing description
This well-positioned 15 Unit Multifamily Property represents a compelling opportunity.
The property consists of a mix of 1, 2, and 3 bedroom units, including three single-family homes and twelve apartments, spread across seven parcels totaling a generous footprint. An additional development opportunity exists with land available to build up to 8 more units, offering strong upside potential for investors looking to expand on-site.
Investment Highlights
- Offered Price: $2,400,000
- Units: 15 total (mix of 1BR, 2BR, and 3BR)
- On-site Laundry
- Unit Mix: 3 single-family homes + 12 apartments
- Additional Opportunity: Land available for up to 8 new units
- Amenities: On-site laundry, city water, flat/shingle roofs
Market Overview – Daytona Beach, FL
Daytona Beach continues to experience strong population growth and rising rental demand, driven by expanding workforce housing needs, healthcare and education sectors, and an increasingly diverse local economy. The city’s population within a 5-mile radius now exceeds 113,000, and new development across residential, retail, and infrastructure is fueling ongoing investment momentum.
The property’s prime location along S. Ridgewood Avenue offers excellent visibility and accessibility—within minutes of shopping, dining, schools, and public transit—further enhancing its tenant appeal and long-term value.
Investment highlights
- 15 Unit Multifamily Portfolio: Mix of 1BR, 2BR, and 3BR units, including 3 single-family homes and 12 apartments across 7 parcels.
- Strong Performance Metrics
- Expansion Potential: Land available to develop up to 8 additional units — immediate built-in upside for future growth.
- Stable Tenant Base: Currently being filled through Veteran Services and Workforce Housing programs, ensuring consistent occupancy and steady rent payments.
- Low-Maintenance Operations: On-site laundry, city water, and durable flat/shingle roofing minimize ongoing costs.
- Prime Location: Excellent visibility on S Ridgewood Avenue, close to shopping, dining, schools, and public transit.
- Thriving Market: Daytona Beach continues to experience strong population growth, expanding workforce demand, and limited affordable housing inventory, supporting long-term rent stability and appreciation.
Conclusion This 15 unit multifamily opportunity in Daytona Beach, FL, combines location advantages, diverse unit offerings, and strong income potential, making it an attractive investment option. With room for expansion and stable tenant demand, it offers promising returns in a growing rental market.
Contact us today to learn more and schedule a viewing!
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
