Active

$2,700,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 10718 sq ft
Overview
  • ID: MFRO6357491
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 10718 sq ft
Property Details
Remarks
An outstanding opportunity to acquire a stabilized, income-producing 20-unit multifamily portfolio located in the heart of Daytona Beach. This well-maintained collection of properties—204, 208, 210, 212, and 214 Madison Ave—delivers exceptional performance with a net operating income (NOI) of $238,613 and a strong 8.8 cap rate. The portfolio is currently 19/20 units occupied, with only one vacant unit, offering immediate and consistent rental income. The properties are professionally managed and maintained, supported by a reliable tenant base combined with federal housing that provides stable, long-term cash flow. Situated minutes from Daytona Beach International Airport, Daytona International Speedway, and the revitalized downtown corridor, this investment benefits from strong local rental demand and continued market appreciation. The central location provides convenient access to shopping, employment centers, and the area’s world-famous beaches, making it highly desirable for tenants. Offering both scale and stability, this 20-unit portfolio represents a rare opportunity to acquire a high-performing multifamily asset in one of Florida’s most dynamic and fast-growing coastal markets. Investors seeking dependable returns with long-term upside potential.
Financial Considerations
Price:
$2,700,000
HOA Fee:
N/A
Tax Amount:
$11358
Price per SqFt:
$251.91
Tax Legal Description:
W 100 FT OF S 1/2 OF LOT 4 & LOT 5 EXC N 82 FT OF E 45 FT & S 18 FT OF E 50 FT & INC W 150 FT OF LOT 6 & LOT 7 BLK 8 KINGSTON MB 3 PG 95 PER OR 5112 PGS 1762 & 1763 PER OR 5516 PG 1515-1516 PER OR 8058 PG 1696
Exterior Features
Lot Size:
45751
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Other, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
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:
1936
Construction Type:
Frame
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
    212 MADISON AVE
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