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In-PersonVirtual Tour
$ 8,888,888
Est. payment | /mo
41,397 SqFt
$ 8,888,888
Est. payment | /mo
41,397 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 41,397 sqft
Price per Sqft $214
MLS Listing ID A12011183
HOA Y/N No
Lot Size 1.720 Acres
Acres 1.72
Property Sub-Type Multi Family
Property Description
RARE OPPORTUNITY! 60-UNIT VALUE-ADD MULTIFAMILY PORTFOLIO IN PRIME DAYTONA BEACH LOCATION WITH US-1 FRONTAGE! Income-producing asset featuring 60 UNITS across 9 BUILDINGS on 1.72 ACRES, offering IMMEDIATE CASHflow with significant upside potential. the property delivers strong in-place income with opportunity for increased NOI through continued lease-up and rent growth. Over $500,000 in capital improvements have been completed, with approximately 51 of units renovated, rented, and the remaining units scheduled for COMPLETION PRIOR TO CLOSING. Renovated units feature modern kitchens, updated appliances, designer finishes, and luxury vinyl flooring. Unit mix includes 40 one-bedroom units, 13 studios, and 7 two-bedroom units, well-positioned for strong workforce and student housing demand near Embry-Riddle and Daytona State College. Structured as a MULTI FOLIO OVAL ASSAMBLAGE with zoning allowing potential hotel conversion, offering long-term flexibility and redevelopment optionality. Located along the high-visibility US-1 corridor and minutes from Daytona Beach, this asset supports multiple EXIT strategies including long-term hold, refinance, repositioning, or redevelopment. Ideal for multifamily operators, private investors, and 1031 exchange buyers seeking scale, yield, and value creation in a high-demand rental market.
Location
State FL
County Volusia
Area 5940 Florida Other
Interior
Flooring Hardwood, Laminate, Tile, Wood
Exterior
Roof Type Shingle
Total Parking Spaces 78
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block,Frame,Stucco
Others
Tax ID 40 15 33 03 03 0010
Security Features Fenced
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12011183
Listed by The Keyes Company
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