Daytona Beach Shores
3800 S Atlantic Avenue 103 Daytona Beach, FL 32118
3800 S Atlantic Avenue 103, Daytona Beach, FL, 32118
$247,000
For Sale
$247,000
Updated 2-bedroom condo near the beach with rental potential.
Property Size1,013 SF
Lot Size1.65 Acres
Price / SF$243.83
Days on Market541
Property Features for 3800 S Atlantic Avenue 103
General Information
- Standard status
- Active
- Size
- 1,013 SF
- Lot size
- 1.65 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1982
Listing Agency
Oceans Luxury Realty Full Service LLC
(386) 290-2397
Listed by
Martin Gegaj · License #3335637
(386) 290-2397
Source
Exitrealty
Added: Jan 22, 2025 Checked: Jul 17 at 4:23 am
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 Oceans Luxury Realty Full Service LLC
Investment Insights
Based on property information with market context.
This first-floor, 2-bedroom, 2-bath condo in Daytona Beach Shores offers a blend of comfort and convenience. Located steps from the 'no-drive' section of the beach, this updated condo features tile floors, furnishings, and an open layout. A private patio allows enjoyment of ocean breezes and sunrises. Community amenities include a pool, tennis/pickleball court, bicycle storage, and a clubhouse. Ground-level access provides easy parking. Condo fees cover cable, water, Wi-Fi, pest control, trash, and exterior maintenance. The property's 1-week minimum rental policy offers short-term rental potential. Nearby are restaurants, grocery stores, retail options, and access to Port Orange and the mainland. This property is suitable as a peaceful ocean retreat and an investment opportunity. The property size is 1013 square feet.
Key Highlights
- Steps from the ''no‑drive'' section of Daytona Beach Shores.
- Excellent short‑term rental potential with a 1‑week minimum.
- First‑floor unit with private patio and ground‑level access (no elevators).
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 | $15.7k | $15.48 |
| − Vacancy | −$1.6k | −$1.63 |
| EGI | $14.0k | $13.85 |
| − OpEx | −$6.3k | −$6.23 |
| NOI | $7.7k | $7.62 |
1,013 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$110.3K
$96.5K – $128.7K
NOI $7,719 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.7K
$261.4K – $348.5K
NOI $20,908 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ocean Terrace Club
Condominium Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Updated 2-bedroom condo near the beach with rental potential.
Where is this short term rental property located?
The property is located at 3800 S Atlantic Avenue 103 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $247,000.
What are key features of this property?
This property features: Steps from the ''no‑drive'' section of Daytona Beach Shores.; Excellent short‑term rental potential with a 1‑week minimum.; First‑floor unit with **private patio and ground‑level access** (no elevators).
