Altura Apartment Homes and Villas One Apartment Homes
Altura Apartment Homes and Villas One Apartment Homes | Assumable Loan 4.69%
Marketing description
Altura Apartment Homes & Villas One Apartment Homes
eXp Realty Commercial is proud to present the exclusive opportunity to acquire Altura Apartment Homes and Villas One Apartment Homes, two highly desirable residential communities totaling 92 units in the fast-growing markets of Daytona Beach and South Daytona, Florida.
Now offered with an assumable loan (4.69%), this portfolio presents a rare opportunity to acquire immediate yield in one of Florida’s most dynamic coastal markets.
Investment Highlights
Assumable Loan (4.69%): Streamlined acquisition and favorable financing terms.
Portfolio Scale: 92 total units (46 at each property) with a mix of spacious 1, 2, and 3 bedroom layouts.
Strategic Locations: Both assets are within 3 miles of major employers such as Amazon, Pepsi, Costco, Boeing, Halifax Health, and Embry-Riddle Aeronautical University.
High-Demand Market: Daytona’s rapid job and population growth supports sustained rent appreciation and near-full occupancy.
Economic Expansion: Local growth driven by aerospace, healthcare, tourism, and education sectors ensures long-term stability.
Limited Supply Environment: Constrained new development bolsters rent growth and occupancy performance.
Market Overview
The Daytona Beach and South Daytona region continues to experience robust economic and population expansion, driven by new corporate investments, infrastructure improvements, and sustained demand for quality multifamily housing. With strong market fundamentals, low vacancy rates, and a diverse employment base, this area offers investors a secure and growth-oriented investment environment.
Investment Summary
The Altura Apartment Homes & Villas One Apartment Homes Portfolio represents a compelling opportunity to acquire two stabilized, income-producing assets with a new reduced price and 8.03% cap rate. With an assumable loan, strong local fundamentals, and proven performance, this offering is ideally suited for investors seeking immediate cash flow and long-term appreciation in a high-growth Florida market.
Investment highlights
Investment Highlights
Assumable Loan (4.69%) | Streamlined Entry:
Secure favorable financing terms with reduced closing complexity—ideal for investors seeking leverage efficiency.Portfolio Scale | Two Prime Locations:
92 total units across two well-positioned assets in Daytona Beach and South Daytona—offering diversification, operational stability, and management economies of scale.Modernized Unit Mix | Broad Tenant Appeal:
Spacious one-, two-, and three-bedroom floor plans designed for families, professionals, and retirees—ensuring a strong and balanced tenant base.Proximity to Major Employers | Sustained Demand:
Within minutes of Amazon, Pepsi, Boeing, Costco, Halifax Health, and Embry-Riddle Aeronautical University—driving year-round occupancy and rental stability.High-Performance Submarket | Limited Supply:
Daytona’s expanding economy, coupled with constrained new construction, supports strong rent growth and minimal vacancy risk.Dynamic Market Drivers | Long-Term Upside:
Supported by robust growth in healthcare, aerospace, tourism, and education sectors—fueling sustained population and employment expansion.Strong Rent Growth Trajectory | Proven Leasing Velocity:
Consistent year-over-year rental increases underscore the area’s strength and the portfolio’s competitive positioning.Turnkey Operations | Immediate Stability:
Professionally managed, stabilized assets requiring minimal capital improvements, offering investors an effortless transition and reliable returns.
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