12-Unit Apartment
New
For Sale
$1,995,000
208 N Halifax Avenue, Daytona Beach, FL 32118
Three-story concrete-block apartments underwent extensive renovation, including updated building systems and unit interiors.
Property Size9,712 SF
Price / SF$237.50
Days on Market6
Property Features for 208 N Halifax Avenue
General Information
Standard status
Active
Size
9,712 SF
Property subtype
Residential Income
Zoning
10+ UNITS
Taxes and HOA fees
Annual Taxes
$26,881
Amenities
true
12
false
Common Area
Public Records
Ceiling Fan(s),High Ceilings,Kitchen/Family Room Combo,Open Floorplan,Solid Wood Cabinets,Stone Counters,Thermostat
Public
9909
100 x 124
0.23
Asphalt
Other
Slab
9712
1
Building Details
Building Size
9,712 SF
Year Built
1974
Listing Agency:
(407) 904-9656
Listed By:
Maritza Lassus
Source:
Lotusdoorhomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:58PM
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 Maritza Lassus
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story, concrete-block apartment property contains 12 one-bedroom, one-bathroom units totaling 8,400 square feet. Each apartment is approximately 700 square feet. A 2022 renovation included impact-rated windows and doors, a new roof, HVAC systems, water heaters, replumbing, electrical upgrades, and refreshed interior and exterior finishes. Unit features include central air conditioning, stainless-steel appliances, solid-wood cabinetry, and stone counters. Tenants pay their own electric; ownership covers water and sewer.
The property occupies approximately 0.23 acres at 208 N Halifax Avenue in Daytona Beach. The Halifax River is one block away, and the Atlantic Ocean is within walking or biking distance. Ocean Walk Village is approximately 0.7 mile away, while the Atlantic Avenue commercial corridor is 0.4 mile away. The building has asphalt parking and is zoned for 10+ units.
The property occupies approximately 0.23 acres at 208 N Halifax Avenue in Daytona Beach. The Halifax River is one block away, and the Atlantic Ocean is within walking or biking distance. Ocean Walk Village is approximately 0.7 mile away, while the Atlantic Avenue commercial corridor is 0.4 mile away. The building has asphalt parking and is zoned for 10+ units.
Key Highlights
- 12 apartments, each with 1 bedroom and 1 bathroom
- 8,400‑square‑foot building; approximately 700 square feet per unit
- Extensive renovation completed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,008
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,160
$1.3M
Cap Rate 7%
$914,400
$914.4K
Cap Rate 9%
$711,200
$711.2K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$130.0K $15.48/SF
− Vacancy
−$13.7K −$1.63/SF
EGI
$116.4K $13.85/SF
− OpEx
−$52.4K −$6.23/SF
NOI
$64.0K $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%
$1,280,160
Cap Rate 7%
$914,400
Cap Rate 9%
$711,200
Alternative Uses
Best Use
Apartment 5plus
$914.4K
$800.1K – $1.07M
NOI $64,008 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,376 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story concrete-block apartments underwent extensive renovation, including updated building systems and unit interiors.
Where is this apartment building located?
The property is located at 208 N Halifax Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 12 apartments, each with 1 bedroom and 1 bathroom; 8,400‑square‑foot building; approximately 700 square feet per unit; Extensive renovation completed in 2022
