Active

$449,000

Features:
  • 4 Bedrooms
  • 4 Bathrooms
  • 2016 sq ft
Overview
  • ID: MFRFC318287
  • Bedrooms: 4
  • Bathrooms: 4
  • Size: 2016 sq ft
Property Details
Remarks
'Value-Add 4-Plex Investment Opportunity in the Growing South Daytona Corridor Solid block-construction 4-unit multifamily property featuring four spacious 1-bedroom, 1-bath units with functional open-concept layouts, strong occupancy history, and significant long-term rental upside potential. The property has maintained consistent occupancy over multiple years and benefits from strong workforce housing demand driven by proximity to Daytona Beach, major employers, shopping, dining, and several nearby colleges and universities. Recent capital improvements include: Brand-new roof (2025) Updated bathroom vanities (2022) New stoves and refrigerators in Units 1 and 4 (2022) Situated on a desirable corner lot with additional parking and excellent accessibility, the property offers investors a compelling blend of current income, operational stability, and future NOI growth potential. Current rents remain materially below prevailing South Daytona market rates, creating a clear value-add and rent stabilization opportunity for investors seeking long-term cash flow growth and appreciation potential. Comparable market rents for similar 1-bedroom units in the area suggest meaningful upside through gradual rent normalization over time. Strong candidate for investors seeking: *Long-term hold strategy *workforce housing demand *future cap-rate improvement through stabilization *Excellent opportunity to acquire a fully occupied income-producing asset with measurable upside in one of Volusia County's established rental corridors."
Financial Considerations
Price:
$449,000
HOA Fee:
N/A
Tax Amount:
$5702
Price per SqFt:
$222.72
Tax Legal Description:
LOT 1 & N 42 1/2 FT OF LOT 2 PECK SUB BLK 28 DAYTONA PER OR 5301 PG 1425 PER OR 7762 PG 3191 PER OR 7776 PG 4686 PER OR 7867 PG 2326 PER OR 8255 PG 0060
Exterior Features
Lot Size:
8800
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
4
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Electric Water Heater, Range, Refrigerator
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1986
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Sidewalk
Additional Features 2:
N/A
Map
  • Address
    600 S SEGRAVE ST
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