$650,000
Active · 12 days on market · MLS# MFRO6357025
| Bedrooms | 5 |
|---|---|
| Living area | 2,996 sq ft |
| Lot size | 0.13 acres |
| Year built | 1918 |
| Property type | Multi Family |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $6,625 |
| County | Volusia |
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.
Listing courtesy of Nicolas Rodriguez, OUTLET REALTY. Presented by MC Homes Realty Inc · 727432218.