Adams, Cameron & Co., Realtors
Listed by Adams, Cameron & Co., Realtors
$449,000
600 S Segrave Street
Details
APN 5339-48-00-0010
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Square Footage 2,320
Units 4
Year Built 1986
Stories 2
Acreage 0.200
Parking Spaces 10 spaces
Parking Per SqFt 4.31
Multifamily | 4 Units
Marketing description
''Value-Add 4-Plex Investment Opportunity in the Growing South Daytona Corridor
Solid block-construction 4-unit multifamily property featuring four spacious 1-bedroom, 1-bath units with functional open-concept layouts, strong occupancy history, and significant long-term rental upside potential.
The property has maintained consistent occupancy over multiple years and benefits from strong workforce housing demand driven by proximity to Daytona Beach, major employers, shopping, dining, and several nearby colleges and universities.
Recent capital improvements include:
Brand-new roof (2025)
Updated bathroom vanities (2022)
New stoves and refrigerators in Units 1 and 4 (2022)
Situated on a desirable corner lot with additional parking and excellent accessibility, the property offers investors a compelling blend of current income, operational stability, and future NOI growth potential.
Current rents remain materially below prevailing South Daytona market rates, creating a clear value-add and rent stabilization opportunity for investors seeking long-term cash flow growth and appreciation potential. Comparable market rents for similar 1-bedroom units in the area suggest meaningful upside through gradual rent normalization over time.
Strong candidate for investors seeking:
*Long-term hold strategy
*workforce housing demand
*future cap-rate improvement through stabilization
*Excellent opportunity to acquire a fully occupied income-producing asset with measurable upside in one of Volusia County's established rental corridors."
Listing Contacts
Adams, Cameron & Co., Realtors
Listed by Adams, Cameron & Co., Realtors
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