14-Unit Apartment
New
For Sale
$3,100,000
112 Caribbean Street, Deltona, FL 32725
Two-bedroom residences feature individual utility meters and updated kitchens and bathrooms.
Property Size12,762 SF
Price / SF$242.91
Days on Market2
Property Features for 112 Caribbean Street
General Information
Standard status
Active
Size
12,762 SF
Property subtype
Residential Income
Zoning
RM-1
Units
Unit Mix
14 x 2BR/1.5BA
Multifamily Units
14
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$18,651
Amenities
true
28
false
Electric Dryer Hookup
Public Records
Other
Public
15675
0.36
2
Asphalt
Dog Run,Fenced
Slab
14
Building Details
Year Built
1974
Buildings
2
Listing Agency:
(813) 796-7827
Listed By:
Guy Garcia
Source:
Agilegrouprealty
Added: Oct 30
Last Checked: Oct 30 at 2:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Guy Garcia
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Investment Insights
Based on property information with market context.
The property comprises two apartment buildings with 14 residences, divided evenly between the buildings. Each unit has two bedrooms and 1.5 bathrooms, with individually metered utilities. Kitchens and bathrooms have been updated. The buildings were constructed in 1974 and contain a combined 12,762 square feet.
Located in Deltona, the property is zoned RM-1. The site encompasses 0.36 acres and includes a fenced dog run.
Located in Deltona, the property is zoned RM-1. The site encompasses 0.36 acres and includes a fenced dog run.
Key Highlights
- 14 apartments across two buildings, with 7 units in each
- All units have 2 bedrooms and 1.5 bathrooms
- Individually metered utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,247
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,944,940
$1.9M
Cap Rate 7%
$1,389,243
$1.4M
Cap Rate 9%
$1,080,522
$1.1M
Market Conditions
NOI Build-Up for 12,762 SF
Gross rent
$197.6K $15.48/SF
− Vacancy
−$20.7K −$1.63/SF
EGI
$176.8K $13.85/SF
− OpEx
−$79.6K −$6.23/SF
NOI
$97.2K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,944,940
Cap Rate 7%
$1,389,243
Cap Rate 9%
$1,080,522
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.22M – $1.62M
NOI $97,247 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,408 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
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Business Placement
Demographics for 32725, FL
50,435
Population
19,177
Households
2.6
Avg Household Size
42
Median Age
22%
College-Educated
91%
High-School Grad
23.1 sq mi
ZIP Area
2,183
Density / Sq Mi
$70,801
Median Household Income
$40,970
Median Earnings
$1,533
Median Rent
$255,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom residences feature individual utility meters and updated kitchens and bathrooms.
Where is this apartment building located?
The property is located at 112 Caribbean Street Deltona, FL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 14 apartments across two buildings, with 7 units in each; All units have 2 bedrooms and 1.5 bathrooms; Individually metered utilities for each unit
