Listed by RE/MAX 5 Star Realty
$1,500,000
420 Auburn Dr
Details
APN 422501210040
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,247
Units 10
Cap Rate 7.29%
NOI $109,338
Occupancy 80%
Tenancy Multi
Pro-Forma Cap Rate 8.42%
Pro-Forma NOI $116,065
Price per SqFt $462
Class A
Year Built 1966
Lot Size (SqFt) 8,690
Zoning R-1A
Investment Type Stabilized
Multifamily | 10 Units | $150,000/unit
Marketing description
420 Auburn Dr presents an opportunity to acquire a stabilizing 10-unit multifamily property in Daytona Beach, Florida. The property is currently operating at 80% occupancy with 8 of 10 units generating consistent rental income and no outstanding legal or tenant issues.
Investment highlights
- Strong in-place cash flow. Eight units are fully occupied and paying, producing $10,245 per month in current collections with a 7.29% as-is adjusted cap rate at the asking price.
- Clear value-add runway. Three vacant units (Apts 1, 5, and 10) represent immediate upside. Lease-up of all three at market rents would push annual gross rent to $157,140 and the stabilized cap rate to 8.42%.
- Clean tenant profile. All occupied units are active and paying with no evictions, breach notices, or outstanding legal proceedings. Two units were recently stabilized — Apt 3 via a new signed lease and Apt 4 via a completed renewal.
- Diverse unit mix. Unit sizes range from 165 SF to 580 SF, offering a range of rental price points across the portfolio. Smaller units command higher rent-per-SF ratios, supporting strong revenue density relative to building size.
Listing Contacts
Listed by RE/MAX 5 Star Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$109,338.00
$9,111.50/mo
Valuation Metrics
0
DSCR
7.29%
Cap Rate
7.29%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Name
License
Brokerage
Brokerage Phone
Brokerage Address
Is there information that looks off?
