Stabilized Multi-Family Cash
16 S GRANDVIEW AVE, Daytona Beach, FL 32118
New
Multi-Family 5+ - DAYTONA BEACH, FL
Property size:
2,972 SFLot size:
0.11 AcresPrice / SF:
$258/SF- Added:
- May 12, 2026
- Days on Market:
- 3
- Last Refresh:
- May 14 at 7:06 pm
Property Features for 16 S GRANDVIEW AVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 02BR1
- Standard status
- Active
- APN
- 530401110050
- Size
- 2,972 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5720.83
Utilities
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1910
- Number of units
- 7
- Building materials
- Block, HardiPlank Type
- Architectural style
- Other
Listing agent Husain Jaffer License #3293364 (407) 923-7642
Listing office CHARLES RUTENBERG REALTY ORLANDO 631 S Orlando Avenue Suite 200, Winter Park, FL (407) 622-2122
Listing date May 12, 2026
MLS# O6407163
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
- Enjoy an 8% Cap Rate on Asking Price (after taxes, insurance, and expenses).
- Located just 3 streets from the beach and walking distance to the Main Street Pier.
- Confirmed zoning allows for up to 10 units (currently 7).
- Fully stabilized with long‑term tenants on active leases.
- 2018 roof and solid mechanicals.
- Located in a 'High and Dry' X flood zone.
Overview
This stabilized seven-unit property is located three streets from the beach. It has a confirmed zoning for up to 10 units and a land use of 7 units. The property currently produces an 8% cap rate. It is fully stabilized with long-term tenants on active leases with 6 to 12 months remaining. Key features include a 2018 roof, solid mechanicals, on-site parking, a common patio area for tenants, and a "High and Dry" X flood zone designation. The property includes a large storage unit on-site that was previously an apartment and could be converted back for additional revenue. It is located within walking distance to the Main Street Pier and beach access. The property consists of 2,972 square feet on a 0.11-acre lot. It is suitable for a 1031 exchange or portfolio expansion. Units nearby are rented as AirBNB or long-term rentals.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.009326
- Latitude
- 29.225575
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Seven-unit property near the beach with an 8% cap rate.
Where is this apartment building located?
The property is located at 16 S GRANDVIEW AVE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Enjoy an **8% Cap Rate on Asking Price** (after taxes, insurance, and expenses).; Located just 3 streets from the beach and **walking distance to the Main Street Pier.**; Confirmed zoning allows for up to 10 units (currently 7).
