Active

$535,000

Features:
  • 4 Bedrooms
  • 4 Bathrooms
  • 2160 sq ft
Overview
  • ID: MFRO6356647
  • Bedrooms: 4
  • Bathrooms: 4
  • Size: 2160 sq ft
Property Details
Remarks
Presenting an outstanding opportunity to acquire a stabilized, income-producing four-unit multifamily property ideally located in the heart of Surfside Historic District. Three of the four units are currently occupied, this asset delivers a net operating income (NOI) of $48,205 and an attractive 9 cap rate, offering investors strong in-place returns and reliable, consistent cash flow. The property is well maintained, has a brand new roof and features a stable tenant base, ensuring dependable rental performance with minimal management demands. Its desirable location supports year-round occupancy and long-term tenant retention. A majority of tenants are supported through federal housing. Centrally positioned just minutes from Daytona Beach International Airport, Daytona International Speedway, and the world-renowned Daytona Beach shoreline, the property benefits from excellent accessibility, strong market fundamentals, and continued economic growth in one of Florida’s most active coastal investment markets. Whether expanding an existing portfolio or seeking a secure entry point into the Daytona Beach multifamily sector, 212 S Oleander Ave represents an exceptional opportunity offering both immediate income stability and future appreciation potential.
Financial Considerations
Price:
$535,000
HOA Fee:
N/A
Tax Amount:
$4188
Price per SqFt:
$247.69
Tax Legal Description:
LOT 3 BLK 22 FUQUAYS DAYTONA BEACH MB 4 PG 197 PER OR 5084 PG 3305 PER OR 6163 PG 4785 PER OR 6916 PG 3475 PER OR 7983 PG 4836
Exterior Features
Lot Size:
5200
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
4
Heating:
Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1924
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Storage
Additional Features 2:
N/A
Map
  • Address
    212 S OLEANDER AVE
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