Hawaiian Inn Resort Two-Bedroom
For Sale
$139,000
Pending
2301 S ATLANTIC Ave 431, Daytona Beach, FL 32118
Updated two-bedroom condo with short-term rental potential near the beach.
Property Size733 SF
Days on Market151
Property Features for 2301 S ATLANTIC Ave 431
General Information
Standard status
Pending
Size
733 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,698
Building Details
Building Size
733 SF
Year Built
1965
Stories
1
Listed By:
Amanda Manning
(850) 774-5263
Source:
Elliman
Added: May 21
Changed: Aug 8
Last Checked: Oct 16 at 10:58AM
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 Amanda Manning
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Investment Insights
Based on property information with market context.
This is a rare 2-bedroom unit located at the Hawaiian Inn Beach Resort. Unit #431 is one of only four 2-bedroom condos in the building. The interior has been updated and offers short-term rental potential, with direct beach access. Interior features include stainless steel appliances, new flooring, an updated bathroom, modern finishes, and a spacious layout. Resort amenities include a beachfront pool, tiki bar & grill, and onsite conveniences. The property is conveniently located near shopping, dining, entertainment, and local attractions. The bike score is 46, indicating it is somewhat bikeable. The walk score is 50, indicating it is car-dependent, and the transit score is 28, indicating some transit options are available. This property presents an opportunity for personal use, a vacation getaway, or as an investment property.
Key Highlights
- Rare 2‑bedroom unit, one of only four in the building
- Excellent short‑term rental potential
- Direct beach access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,585
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$111,700
$111.7K
Cap Rate 7%
$79,786
$79.8K
Cap Rate 9%
$62,056
$62.1K
Market Conditions
NOI Build-Up for 733 SF
Gross rent
$11.3K $15.48/SF
− Vacancy
−$1.2K −$1.63/SF
EGI
$10.2K $13.85/SF
− OpEx
−$4.6K −$6.23/SF
NOI
$5.6K $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%
$111,700
Cap Rate 7%
$79,786
Cap Rate 9%
$62,056
Alternative Uses
Best Use
Apartment 5plus
$79.8K
$69.8K – $93.1K
NOI $5,585 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$216.1K
$189.1K – $252.2K
NOI $15,129 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
276
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
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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 - Updated two-bedroom condo with short-term rental potential near the beach.
Where is this short term rental property located?
The property is located at 2301 S ATLANTIC Ave 431 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Rare 2‑bedroom unit, one of only four in the building; Excellent short‑term rental potential; Direct beach access
