Beachfront Condotel
For Sale
$83,900
2301 S ATLANTIC AVE #229, Daytona Beach, FL 32118
The furnished residence has a private balcony overlooking the Atlantic and an outdoor pool.
Property Size344 SF
Price / SF$243.90
Days on Market135
Property Features for 2301 S ATLANTIC AVE #229
General Information
Standard status
Active
Size
344 SF
Property subtype
Condo - Hotel
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,059
Amenities
direct beach access
indoor and outdoor swimming pools
tiki bar
arcade room
Building Details
Building Size
344 SF
Year Built
1965
Listing Agency:
WRA BUSINESS & REAL ESTATE
Listed By:
Selma White · License #3288368
(407) 512-1008
Source:
Coastalventures
Added: Jun 19
Changed: Oct 27
Last Checked: Oct 30 at 2:53AM
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 WRA BUSINESS & REAL ESTATE
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Investment Insights
Based on property information with market context.
This furnished condotel residence includes a private balcony with views of the Atlantic Ocean and the outdoor pool. The unit has updated interiors and new furnishings. The building, completed in 1965, offers indoor and outdoor pools, a tiki bar, and an arcade room, with direct access to the beach.
Key Highlights
- Private balcony with views of the Atlantic Ocean and outdoor pool
- Furnished unit with updated interiors and new furniture
- Direct access to the beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,621
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,420
$52.4K
Cap Rate 7%
$37,443
$37.4K
Cap Rate 9%
$29,122
$29.1K
Market Conditions
NOI Build-Up for 344 SF
Gross rent
$5.3K $15.48/SF
− Vacancy
−$559 −$1.63/SF
EGI
$4.8K $13.85/SF
− OpEx
−$2.1K −$6.23/SF
NOI
$2.6K $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%
$52,420
Cap Rate 7%
$37,443
Cap Rate 9%
$29,122
Alternative Uses
Best Use
Apartment 5plus
$37.4K
$32.8K – $43.7K
NOI $2,621 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$101.4K
$88.8K – $118.3K
NOI $7,100 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
276
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 residence has a private balcony overlooking the Atlantic and an outdoor pool.
Where is this short term rental property located?
The property is located at 2301 S ATLANTIC AVE #229 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $83,900.
What are key features of this property?
This property features: Private balcony with views of the Atlantic Ocean and outdoor pool; Furnished unit with updated interiors and new furniture; Direct access to the beach
