Active

$650,000

Features:
  • 5 Bedrooms
  • 5 Bathrooms
  • 2996 sq ft
Overview
  • ID: MFRO6357025
  • Bedrooms: 5
  • Bathrooms: 5
  • Size: 2996 sq ft
Property Details
Remarks
An exceptional opportunity to acquire a stabilized, income-producing five-unit multifamily property located in the desirable Surfside Historic District of Daytona Beach. This property delivers a net operating income (NOI) of $64,114 and a 9.1 cap rate, offering investors a blend of strong returns and long-term appreciation potential. Four of the five units are currently occupied, providing immediate, dependable cash flow. The property benefits from a combined federal housing income, ensuring reliable, government-backed rent payments and reduced vacancy risk. Nestled in one of Daytona Beach’s most sought-after neighborhoods, this property combines historic character with modern income performance. Residents enjoy proximity to the Daytona Beach shoreline, downtown entertainment, and major employers, enhancing both tenant demand and property value.
Financial Considerations
Price:
$650,000
HOA Fee:
N/A
Tax Amount:
$6625
Price per SqFt:
$216.96
Tax Legal Description:
E 120 FT OF N 1/2 OF LOT 4 EXC W 5.4 FT ON N SIDE & 3.2 FT ON S SIDE BLK 15 MEMENTO MB 14 PG 97 PER OR 4339 PG 3366 PER OR 5734 PG 3397 PER OR 5832 PG 1939 PER OR 6762 PG 1360 PER OR 7273 PG 1256 PER OR 7796 PG 4391
Exterior Features
Lot Size:
5750
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway
Roof:
Other, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
5
Heating:
Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1918
Construction Type:
Vinyl Siding
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
    26-28 S HOLLYWOOD AVE
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