Daytona Beach Multifamily Investment
1216 KENNEDY ROAD, Daytona Beach, FL 32117
Multi-Family 5+ - DAYTONA BEACH, FL
Property size:
19,854 SFLot size:
0.81 AcresPrice / SF:
$123/SF- Added:
- Apr 11, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 3 at 5:06 am
Property Features for 1216 KENNEDY ROAD
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 424401200086
- Size
- 19,854 SF
- Lot size
- 0.81 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 24295.18
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1974
- Number of units
- 20
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Tito Urbano Perez License #3470017 (407) 907-0350
Listing office FLORIDA REALTY INVESTMENTS 3451 Technological Ave #11, Orlando, FL (407) 207-2220
Listing date Apr 11, 2026
MLS# TB8496656
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied 20‑unit apartment building, providing a consistent and reliable income stream.
- Each unit features two bedrooms and one bathroom with approximately 900 square feet of living space.
- Roof replaced in 2019, ensuring structural integrity.
- On‑site leasing office streamlines tenant interactions and property management.
- Tenants responsible for electricity, reducing landlord expenses.
- Desirable Daytona Beach, FL location.
Overview
Kennedy Garden Apartments is a 20-unit apartment building located in Daytona Beach, FL. Each unit features two bedrooms and one bathroom, offering approximately 900 square feet of living space. The building has been meticulously maintained and offers a lucrative investment with strong rental potential and a desirable unit mix. The roof was replaced in 2019, ensuring structural integrity. An on-site leasing office streamlines tenant interactions, leasing processes, and property management, enhancing the building's operational efficiency. Tenants are responsible for their electricity bills, while the landlord covers water and sewer expenses. The property is fully occupied with competitive rental rates, offering a consistent and reliable income stream for investors. The property size is 19854 square feet and the lot size is 0.81 acres.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $307.3k | $15.48 |
| − Vacancy | −$32.3k | −$1.63 |
| EGI | $275.1k | $13.85 |
| − OpEx | −$123.8k | −$6.23 |
| NOI | $151.3k | $7.62 |
19,854 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $151,288 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.85M
$5.12M – $6.83M
NOI $409,787 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
SCI Clothing
Clothing Store
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.054193
- Latitude
- 29.227449
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 20-unit apartment building with strong rental potential in Daytona Beach.
Where is this apartment building located?
The property is located at 1216 KENNEDY ROAD Daytona Beach, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Fully occupied 20‑unit apartment building, providing a consistent and reliable income stream.; Each unit features **two bedrooms and one bathroom** with approximately 900 square feet of living space.; Roof replaced in 2019, ensuring structural integrity.
