Active

$650,000

Features:
  • 7 Bedrooms
  • 6 Bathrooms
  • 2888 sq ft
Overview
  • ID: MFRO6296060
  • Bedrooms: 7
  • Bathrooms: 6
  • Size: 2888 sq ft
Property Details
Remarks
Income-Producing 6-Unit Apartment Building Just Steps from Daytona Beach! Prime Location – Walk to Ocean, Bridge & Boardwalk | $8,100 Potential Monthly Income | Cash Buyers Only | This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Key Features: • Location, Location, Location: • Unbeatable Location: • Less than a block from Daytona Beach • 1 block from the newly built Veterans Memorial Bridge (Orange Ave Bridge) • 1 mile from the famous Daytona Beach Boardwalk • Enjoy the beach and breathtaking ocean views just steps away This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Property Highlights: • 6 Units | 9 Beds | 6 Baths • 5 of 6 units currently rented • Coin-operated shared laundry on-site • Mixed unit types including: o One 2 Bed / 1 Bath with full layout o Two 2 Bed / 1 Bath units with two entrances (no living rooms – ideal for roommates or flexible rentals) o Two studio units o One 1 Bed / 1 Bath unit ?? Financial Overview: • Gross potential monthly income: $8,100 • Tenants pay their own electric • No landlord cost for trash or common electricity • Owner pays approx. $350/month for water & gas (shared hot water heater) ??? Condition & Opportunity: • Two units fully renovated • Four units need updating • Property has its own parking lot with 8 spaces • Property was tented in 2020 for termites • New roof needed (no current leaks) • Ideal for investors or contractors — priced with improvements in mind • Cash buyers only due to condition Location Perks: • Less than 1 block to Daytona Beach • 1 block from Veterans Memorial Bridge • 1 mile to Daytona Beach Boardwalk • Ocean views just a minute's walk away Don't miss this excellent chance to invest in an appreciating coastal market with huge upside potential!
Financial Considerations
Price:
$650,000
HOA Fee:
N/A
Tax Amount:
$5923.56
Price per SqFt:
$225.07
Tax Legal Description:
E 10 FT OF LOT 17 & LOT 18 & W 5.5 FT OF LOT 19 CAREW SUB IN HUSTONS DAYTONA BCH MB 8 PGS 145-146 INC PER OR 4603 PG 4788 PER OR 5543 PG 4055 PER OR 5781 PGS 2385-2386 PER OR 6847 PG 0230 PER OR 6880 PG 0781 PER OR 7687 PG 3234 PER OR 8595 PG 1418
Exterior Features
Lot Size:
6480
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
7
Bathrooms:
6
Heating:
Electric
Cooling:
Ductless
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1935
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    516 PHOENIX AVE
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