Furnished Rental
For Sale
$99,000
1909 S ATLANTIC AVE #602, Daytona Beach, FL 32118
The furnished studio can be used for short- or long-term rentals, with self-management or the condominium’s rental program available.
Property Size498 SF
Price / SF$198.80
Days on Market541
Property Features for 1909 S ATLANTIC AVE #602
General Information
Standard status
Active
Size
498 SF
Property subtype
Condo - Hotel
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,545
Amenities
pool area
tiki bar
direct beach access
outdoor seating
remodeled lobby area
Building Details
Building Size
498 SF
Year Built
1973
Listing Agency:
Coastal Ventures Real Estate
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Coastalventures
Added: May 5, 2025
Changed: Oct 26
Last Checked: Oct 26 at 2:48PM
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 Coastal Ventures Real Estate
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Investment Insights
Based on property information with market context.
This 498-square-foot studio condominium was built in 1973 and has been remodeled. It is furnished with two queen beds, a large-screen television, and several seating areas. The unit has an ocean view and overlooks Daytona Beach.
Short- and long-term rentals are permitted. Owners may manage the unit themselves or use the condominium’s rental program. Building amenities include a pool area, tiki bar, outdoor seating, direct beach access, and a remodeled lobby.
Short- and long-term rentals are permitted. Owners may manage the unit themselves or use the condominium’s rental program. Building amenities include a pool area, tiki bar, outdoor seating, direct beach access, and a remodeled lobby.
Key Highlights
- 498‑square‑foot remodeled studio, built in 1973
- Furnished with two queen beds, a large‑screen TV, and multiple seating areas
- Ocean view and outlook over Daytona Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,795
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$75,900
$75.9K
Cap Rate 7%
$54,214
$54.2K
Cap Rate 9%
$42,167
$42.2K
Market Conditions
NOI Build-Up for 498 SF
Gross rent
$7.7K $15.48/SF
− Vacancy
−$809 −$1.63/SF
EGI
$6.9K $13.85/SF
− OpEx
−$3.1K −$6.23/SF
NOI
$3.8K $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%
$75,900
Cap Rate 7%
$54,214
Cap Rate 9%
$42,167
Alternative Uses
Best Use
Apartment 5plus
$54.2K
$47.4K – $63.3K
NOI $3,795 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$146.8K
$128.5K – $171.3K
NOI $10,279 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
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Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - The furnished studio can be used for short- or long-term rentals, with self-management or the condominium’s rental program available.
Where is this short term rental property located?
The property is located at 1909 S ATLANTIC AVE #602 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: 498‑square‑foot remodeled studio, built in 1973; Furnished with two queen beds, a large‑screen TV, and multiple seating areas; Ocean view and outlook over Daytona Beach
