311 Country Club Oval
UNIQUE opportunity: 60-unit INCOME-PRODUCING multifamily assemblage with IMMEDIATE CASH flow and ups
Marketing description
Rare find income-producing multifamily investment opportunity in Daytona Beach featuring 60 units with prime US-1 frontage, positioned for immediate upside, increased cash flow, and long-term appreciation. Strong in-place income.
The offering includes land plus 9 buildings located in a highly visible corridor.
The property generates solid in-place income with immediate upside through continued lease-up and rent growth. Over $500K has been invested into the asset, with approximately 85% of units renovated and the remaining units scheduled for completion prior to closing. The property is also zoned for hotel conversion and structured as a multi-folio assemblage, providing additional long-term flexibility.
The unit mix consists primarily of 1-bedroom units (40), along with 13 studios and 7 two-bedroom units. Renovated units feature modern kitchens, updated appliance packages, designer paint finishes, and luxury vinyl plank flooring. The unit mix is well suited for the area’s strong workforce and student housing demand, supported by nearby Embry-Riddle Aeronautical University and Daytona State College.
With direct US-1 frontage, proximity to Daytona Beach, and multiple demand drivers, Legacy Daytona Oval offers a clear path to stabilization and value creation. Investors have flexibility with multiple exit strategies, including long-term hold, refinance, redevelopment, or repositioning.
Investment highlights
- Unique multifamily opportunity in Daytona Beach with 60 units and prime US-1 frontage
- Strong in-place income with immediate upside through lease-up and rent growth
- Over $500K invested in capital improvements with ~85% of units already renovated
- Remaining units scheduled for completion prior to closing, reducing deferred maintenance
- Unit mix includes 40 one-bedrooms, 13 studios, and 7 two-bedrooms
- Renovated units feature modern kitchens, updated appliances, designer finishes, and LVP flooring
- Well-positioned for workforce and student housing demand near Embry-Riddle and Daytona State College
- Zoned for hotel conversion and structured as a multi-folio assemblage, offering long-term flexibility
- Multiple exit strategies including hold, refinance, redevelopment, or repositioning
- Located along a high-traffic corridor with strong visibility and proximity to Daytona Beach
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