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32784827
32784838

2322 South Palmetto Avenue, South Daytona, FL 32119 For Sale

JP
FL SL3252472
The Apartment Brokers
TU
FL SL3470017
The Apartment Brokers
JS
FL SL3619366
Listed by The Apartment Brokers
$2,800,000
63 days on market
Updated 61 days ago
Opportunity zone

Palmetto Townhomes

Details
Property Type Retail, Multifamily (+1)
Sub Type Student Housing, Single Family Rental Portfolio (+1)
Square Footage 14,400
Units 15
Beds 2
Cap Rate 7.03%
NOI $196,907
Tenancy Multi
Price per SqFt $194
Class B
Year Built 1970
Year Renovated 1995, 2023
Buildings 3
Stories 2
Investment Type Stabilized
Ground Lease No

15 Units in South Daytona

Marketing description

2322 S Palmetto Avenue presents a rare opportunity to acquire a fully renovated 15-unit townhouse-style apartment community in South Daytona, Florida. The property consists of three buildings with five units each, offering an attractive and highly desirable 2 Bedroom / 1.5 Bathroom townhouse layout.

Each unit features spacious two-story floorplans, private entrances, and in-unit washer and dryer, providing a strong competitive advantage over typical garden-style apartments. Units have been extensively renovated with updated kitchens, flooring, fixtures, and interior finishes, creating a turnkey investment opportunity with minimal near-term capital expenditures.

Residents benefit from private patios or backyard space, large living areas, and functional layouts that appeal to long-term tenants. The townhouse-style configuration also reduces turnover and enhances tenant retention compared to traditional apartment layouts.

Investment highlights

  • 15 Townhomes
  • All 2 Bedroom 1.5 Bathroom Units
  • Two Story Floorplans
  • In Unit Washer Dryer
  • Private Entrances

Listing Contacts

JP
FL SL3252472
The Apartment Brokers
TU
FL SL3470017
The Apartment Brokers
JS
FL SL3619366
Listed by The Apartment Brokers

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$196,907.00
$16,408.92/mo

Valuation Metrics

0
DSCR
7.03%
Cap Rate
7.03%
ROI

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Additional Information

Name
Tito Urbano
License
SL3470017
Brokerage
Florida Realty Investments
Brokerage Phone
(407) 207-2220
Title
Sales Associate
Brokerage Address
Parking lot
Name
Jose Sifontes
License
SL3619366
Brokerage
The Apt Brokers/FRI
Brokerage Phone
407-640-8183
Title
Real Estate Agent
Brokerage Address
Parking lot
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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