Turnkey Triplex with Separate
For Sale
Contact for pricing
314 Cottrill Avenue, Daytona Beach, FL 32114
Updated triplex with two tenant-occupied units, a vacant third unit, and separate electric meters for simpler management.
Property Size2,674 SF
Price / SF$136.50
Days on Market67
Property Features for 314 Cottrill Avenue
General Information
Standard status
Active
Size
2,674 SF
Property subtype
Multifamily, Mixed Use, Land
Zoning
BP
Occupancy
67%
Additional Details
Business Included
Yes
Fenced Yard
Yes
Multifamily Units
3
Building Details
Year Built
1923
Tenancy
Multi
Listing Agency:
Keller Williams Realty Florida Partners
Listed By:
Mike Bretzel
Source:
Crexi
Added: May 26
Changed: Jul 10
Last Checked: Jul 31 at 3:35PM
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 Keller Williams Realty Florida Partners
Investment Insights
Based on property information with market context.
This updated triplex is offered as a turnkey investment and includes two upgraded structures on an oversized fenced parcel. The property’s layout includes a front home with three bedrooms, a large living area, and a full bath. A rear building provides an upstairs private-access four-bedroom unit and a downstairs two-bedroom unit.
Separate electric meters are in place, helping simplify utility management by keeping tenant electric responsibility separate. Two units are currently tenant occupied, while the third unit is vacant, allowing an owner to adjust rental income when desired. Additional improvements include extra utility room space and a garage/oversized storage located beneath the upper unit.
The property is positioned in a centrally located area and is described as having BP zoning, which may allow multiple potential uses. It is also presented as being just minutes from the beach and nearby major destinations including the Intracoastal Waterway, One Daytona, Daytona International Speedway, Daytona State College, Embry-Riddle, and Tanger Outlets, along with surrounding restaurants and entertainment.
Separate electric meters are in place, helping simplify utility management by keeping tenant electric responsibility separate. Two units are currently tenant occupied, while the third unit is vacant, allowing an owner to adjust rental income when desired. Additional improvements include extra utility room space and a garage/oversized storage located beneath the upper unit.
The property is positioned in a centrally located area and is described as having BP zoning, which may allow multiple potential uses. It is also presented as being just minutes from the beach and nearby major destinations including the Intracoastal Waterway, One Daytona, Daytona International Speedway, Daytona State College, Embry-Riddle, and Tanger Outlets, along with surrounding restaurants and entertainment.
Key Highlights
- Updated triplex with 3 total units: two tenant‑occupied units plus one vacant unit
- Separate electric meters for the units, with tenants responsible for their own electric usage
- Front home: 3 bedrooms, large living area, and a full bath
Financial Insights For Multifamily LT 5
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 | $37.2k | $13.92 |
| − Vacancy | −$3.7k | −$1.39 |
| EGI | $33.5k | $12.53 |
| − OpEx | −$10.1k | −$3.76 |
| NOI | $23.5k | $8.77 |
2,674 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$335.1K
$293.2K – $391.0K
NOI $23,458 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$291.1K
$254.7K – $339.6K
NOI $20,376 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$788.4K
$689.9K – $919.9K
NOI $55,191 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
66.7%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Updated triplex with two tenant-occupied units, a vacant third unit, and separate electric meters for simpler management.
Where is this triplex located?
The property is located at 314 Cottrill Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Updated triplex with 3 total units: two tenant‑occupied units plus one vacant unit; Separate electric meters for the units, with tenants responsible for their own electric usage; Front home: 3 bedrooms, large living area, and a full bath
