230 MICHIGAN AVE Daytona Beach FL 32114

Multifamily Investment Opportunity in Daytona Beach – Ideal for Airbnb, Long-Term Rentals, or 1031 Exchange Buyers

🌊 Prime Location | High Growth Area | Strong Cash Flow Potential

📍 Address: 230 Michigan Ave, Daytona Beach, FL 32114
🏡 Property Type: Multifamily – Duplex (Apartment Building)
📈 Investment Type: Value Add / Cash Flowing Asset
🏢 Class: B
🏠 Units: 2
📅 Year Built: 1984
📊 Cap Rate: 7.71%
💰 NOI: $30,000
🔑 Occupancy: 100%

Why This Property is a Standout Investment

Positioned seconds from the Atlantic Ocean and the Halifax River, this concrete block duplex is an exceptional turnkey investment in one of the fastest-growing areas of Daytona Beach. With new developments, increasing rental demand, and a booming local economy, this property is a cash-flowing asset with significant upside potential.

Whether you are an Airbnb investor, a long-term rental owner, or looking for a 1031 exchange property, this investment is ideally positioned to generate strong returns.

📊 Investment Strategy Breakdown

🏖 Airbnb / Short-Term Rental Investors

🌟 Proximity to Top Attractions: Walking distance to the beach, Halifax River, Daytona International Speedway, and vibrant downtown.
📈 High Rental Demand: Daytona Beach sees over 10 million visitors annually, making it an ideal Airbnb location.
🏠 Turnkey Rental Setup: Fully leased property with potential to convert units into short-term vacation rentals for even higher cash flow.
💰 Rental Revenue Potential: Nearby Airbnb listings generate $3,500 – $5,500+ per unit per month, depending on seasonality.

🏢 Long-Term Rental Investors

✔ Stable Tenant Base: Located near hospitals, universities, and major employers such as Brown & Brown Insurance (650+ employees).
✔ Value-Add Potential: 7.71% cap rate with room for rental increases due to high demand.
✔ Strong Economic Drivers: Close to Daytona State College, Embry-Riddle University, and Halifax Health Medical Center, ensuring consistent rental demand.

🔄 1031 Exchange Buyers

✅ Income-Producing Asset: Cash-flowing multifamily property perfect for reinvesting capital gains tax-free.
✅ High Growth Market: Daytona Beach is experiencing massive redevelopment, ensuring property appreciation over time.
✅ Limited Inventory: Coastal duplexes with solid financials in high-demand locations are rare, making this an excellent 1031 exchange candidate.

🏡 Property Features

• Concrete Block Construction – Low-maintenance & long-lasting.

• Off-Street Parking – Essential for both long-term tenants and Airbnb guests.

• Spacious Interiors – Ideal for higher rental rates or vacation rental setup.

• Private Outdoor Space – Potential for enhancements like patios or landscaping.

• Updated Interiors (if applicable) – Add value and maximize rental income.

📍 Location Highlights

🌊 Beach Access – Minutes from Daytona Beach & Halifax River.
🏥 Hospitals Nearby – AdventHealth Daytona Beach & Halifax Health Medical Center.
🎓 Education Hub – Near Daytona State College & Embry-Riddle Aeronautical University.
🏎 Entertainment & Sports – Close to Daytona International Speedway & Ocean Walk Shoppes.
🚀 Major Developments – New apartment buildings, waterfront parks, and commercial hubs are transforming the area into a booming destination.

📊 Financial Overview & ROI Potential

💰 Net Operating Income (NOI): $30,000
📈 Cap Rate: 7.71%
🏡 Occupancy Rate: 100%

With rising rental rates, increasing tourism, and significant infrastructure improvements, this property presents a prime investment opportunity in the heart of Daytona Beach.

📌 For more details or to schedule a private showing, contact us today!