$2,000,000
Active · 41 days on market · MLS# MFRO6416618
| Living area | 12,172 sq ft |
|---|---|
| Lot size | 0.69 acres |
| Year built | 1970 |
| Property type | Multi-Family 5+ |
| Waterfront | Yes |
| Annual taxes | $24,417 |
| County | Volusia |
Location, location, location! Exceptional opportunity to acquire a 12 unit updated multifamily property at 805 Louisville Street in the heart of Port Orange, directly across from Riverwalk Park and the Halifax River. This prime waterfront corridor setting offers built in rental demand with immediate access to a kayak and canoe launch, fishing piers, playground, splash pad, picnic areas, and a scenic walking trail just steps from the property. The building features spacious 2 bedroom, 2 bath units with functional, open layouts that attract long term tenants. Interiors have been updated and include tile flooring throughout, ceiling fans, central air, and generous living and dining spaces. Kitchens are improved with granite countertops, stainless steel appliances, dishwashers, and microwaves. Each unit offers washer and dryer hookups, adding to tenant convenience and retention. Situated in a quiet residential setting with surface parking and easy access to major commuter routes, shopping, dining, and the beach, this asset is positioned for strong occupancy and consistent cash flow. The combination of location, updated interiors, and proximity to waterfront amenities makes this a compelling value add or stable hold opportunity in one of Port Orange’s most desirable rental corridors. Ideal for investors seeking scale, durability, and long term upside in a high demand coastal market.
Listing courtesy of Nick Nastase, TROPICAL SPRINGS REALTY. Presented by MC Homes Realty Inc · 727432218.