Listed by SVN | Alliance Commercial Real Estate Advisors Ormond Beach
$1,200,000
Daytona Multifamily Portfolio
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,580
Units 13
Cap Rate 9.78%
NOI $117,306
Occupancy 100%
Tenancy Multi
Buildings 5
Investment Type Stabilized
Daytona Multifamily Portfolio
Marketing description
A rare opportunity to acquire a fully-occupied, 13-unit multifamily portfolio in the heart of Downtown Daytona Beach. Spanning five addresses across Michigan Avenue and N Beach Street, this portfolio delivers immediate income at a compelling 9.8% cap rate — with meaningful upside through unit renovations and rental rate increases.
Positioned at the center of one of Daytona Beach's most active redevelopment corridors, the properties benefit from proximity to transformative projects redefining the city's riverfront. The surrounding area is experiencing substantial institutional investment, bringing new amenities, employers, and residents that support continued rent growth for years to come.
Investment highlights
- -9.8% cap rate — strong current yield with proven, stabilized income from a fully-occupied portfolio across five contiguous addresses.
- - 100% occupancy — all 13 units are tenant-occupied, providing immediate day-one cash flow with no lease-up risk.
- - Seller Financing available
- - Value-add upside — renovate units at turnover to capture significant rental rate increases in a strengthening downtown submarket.
- - Riverfront Esplanade — steps from the new Daytona Beach Riverfront Esplanade, a major public infrastructure investment enhancing walkability and neighborhood appeal.
- - 400 Beach luxury development — adjacent to the 304-unit luxury apartment community at 400 Beach, validating strong rental demand and supporting market rent growth.
- - Major employer anchor — Brown & Brown Insurance's global headquarters provides a substantial base of high-income professionals in the immediate trade area.
- - Jackie Robinson Ballpark — proximity to a historic, active venue that drives foot traffic, local commerce, and neighborhood vitality throughout the year.
- Portfolio scale — five-address assemblage across Michigan Ave and N Beach St offers operational efficiencies and long-term redevelopment optionality.
Listing Contacts
Listed by SVN | Alliance Commercial Real Estate Advisors Ormond Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,306.00
$9,775.50/mo
Valuation Metrics
0
DSCR
9.78%
Cap Rate
9.78%
ROI
Map
Zoning
RDD4 MixedMixed UseRedevelopment Downtown Riverfront Mixed Use
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View all 232 uses Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics
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