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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30107014
30106943

university Avenue, Daytona Beach, FL 32118

TS
3092297
Realty Pros Commercial Division
Listed by Realty Pros Commercial Division
$950,000
287 days on market
Updated 90 days ago

Beachside Apartment

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,628
Net Rentable (SqFt) 4,628
Units 6
Cap Rate 9.05%
NOI $86,000
Pro-Forma Cap Rate 8.32%
Pro-Forma NOI $79,000
Price per SqFt $205
Broker Co-Op Yes
Class A
Year Built 1960
Year Renovated 2015
Buildings 1
Stories 2
Lot Size (SqFt) 11,250
Parking Spaces spaces
Investment Type Owner/User
Ground Lease No
Ownership owned

Multifamily | 6 Units | $158,333/unit

Marketing description

Turnkey Multifamily Investment, OWC – Daytona Beach, FL

An excellent opportunity to own a well-maintained multifamily property in the thriving Daytona Beach market. This income-producing asset is in great condition and offers both stability and strong upside for savvy investors.

This is a rare opportunity to secure a turnkey multifamily property with owner financing available — a perfect fit for investors seeking both income and long-term growth in one of Florida’s most desirable rental markets. The new owner has an opportunity to occupy and have their mortgage almost paid by their tenants. Please complete the NDA or call directly for confidential information

Investment highlights

Property Highlights

  • Strong rental demand in a high-growth market

  • Property in great condition – no major repairs needed

  • Units are currently under-rented compared to market averages

  • Average market rents: approx. $1,800 (1-BR) and $2,200 (2-BR)

  • Value-add potential with room for rental increases after repositioning

  • Excellent location close to beaches, universities, shopping, hospitals, and major employers

Investment Potential

  • Under-rented units provide an immediate opportunity for higher cash flow

  • Owner will carry financing with 30% down, offering flexible purchase terms

  • Secure a strong asset with both stable income and appreciation upside

    Location Advantage

  • Minutes from Daytona International Speedway, Tanger Outlets, and LPGA International Golf Club

  • Easy access to beaches, riverfront, and vibrant downtown Daytona

  • Consistent tenant base from local universities and medical centers

Listing Contacts

TS
3092297
Realty Pros Commercial Division
Listed by Realty Pros Commercial Division

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$86,000.00
$7,166.67/mo

Valuation Metrics

0
DSCR
9.05%
Cap Rate
9.05%
ROI

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