8-Unit Multifamily Apartment
601 STATE Avenue Daytona Beach, FL 32117
For Sale
$899,000
MULTI_FAMILY - DAYTONA BEACH, FL
Property Size5,194 SF
Lot Size0.14 Acres
Price / SF$173.08
Days on Market408
Property Features for 601 STATE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 09R7
- Bedrooms
- 11
- Bathrooms
- 8
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 6, Bedroom 2, Bathroom 4, Bedroom 8, Bedroom 6, Bedroom 11, Bedroom 3, Bedroom 5, Bathroom 5, Bedroom 7, Bedroom 9, Bathroom 1, Bathroom 7, Bedroom 10, Bathroom 8, Bedroom 4
- Interior features
- Ninguno
- Exterior features
- Balcony
- Standard status
- Active
- APN
- 5337-01-00-0760
- Size
- 5,194 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 76 PINE CREST ADD HOLLY HILL MB 6 PG 56 PER OR 4665 PG 1288 PER OR 7901 PG 2079 PER OR 7901 PG 4177
- Tax Annual Amount
- 9158
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Wall/Window Unit(s), Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1973
- Number of units
- 8
- Building materials
- Concrete
- Roof type
- Shingle
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Tito Urbano Perez · License #3470017
(407) 907-0350
Added: Jun 12, 2025
Changed: Jul 23
Last Checked: Jul 24 at 2:06AM
MLS# TB8396339
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.
Investment Insights
Based on property information with market context.
Crosscreek Apartments is an 8-unit multifamily property built in 1973. The unit mix includes three 2-bedroom/1-bath units and five 1-bedroom/1-bath units. Each unit is equipped with central air conditioning and separately metered electric. The landlord is responsible for city water, sewer, and trash services. The exterior is constructed with block walls on slab foundations.
The property is located at 601 State Avenue in Daytona Beach, Florida. It is described as being in the heart of the area, surrounded by major thoroughfares, employment centers, and coastal amenities.
The building provides a straightforward residential income configuration with in-unit comfort features and tenant billing through separate electric meters.
The property is located at 601 State Avenue in Daytona Beach, Florida. It is described as being in the heart of the area, surrounded by major thoroughfares, employment centers, and coastal amenities.
The building provides a straightforward residential income configuration with in-unit comfort features and tenant billing through separate electric meters.
Key Highlights
- 8‑unit multifamily property at 601 State Ave, Daytona Beach, FL
- Built in 1973 with 5,194 SF total living area on a 0.14‑acre lot
- Unit mix: three 2 bed/1 bath units and five 1 bed/1 bath units
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 | $80.4k | $15.48 |
| − Vacancy | −$8.4k | −$1.63 |
| EGI | $72.0k | $13.85 |
| − OpEx | −$32.4k | −$6.23 |
| NOI | $39.6k | $7.62 |
5,194 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$565.4K
$494.7K – $659.6K
NOI $39,578 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,204 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Turnkey 8-unit building with central air and separately metered electric, featuring three 2-bedroom and five 1-bedroom units.
Where is this apartment building located?
The property is located at 601 STATE Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 8‑unit multifamily property at 601 State Ave, Daytona Beach, FL; Built in 1973 with 5,194 SF total living area on a 0.14‑acre lot; Unit mix: three 2 bed/1 bath units and five 1 bed/1 bath units
