Four-Bungalow Income
319/323 Taylor Avenue Daytona Beach, FL 32114
For Sale
Contact for pricing
Four bungalows on two contiguous lots, with separate water and electric meters and driveway parking.
Property Size4,426 SF
Price / SF$90.35
Days on Market97
Property Features for 319/323 Taylor Avenue
General Information
- Standard status
- Active
- Size
- 4,426 SF
- Property subtype
- Multifamily, Land
Building Details
- Year Built
- 1919
Listing Agency:
Coldwell Banker Premier Properties
(386) 383-3690
Listed By:
Tina Turner · License #3058114
Source:
Crexi
Added: Apr 19
Changed: Jul 23
Last Checked: Jul 23 at 3:59PM
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 Coldwell Banker Premier Properties
Investment Insights
Based on property information with market context.
This for-sale income property features four separate bungalows across two contiguous lots. Three homes offer 2 bedrooms and 1 bathroom, and one home offers 3 bedrooms and 2 bathrooms. The residences include notable interior finishes such as unique tile work and wood flooring. A shared in-ground pool exists on-site, though it is not known to be working. Roofs are approximately 2018, per available information.
Multi-road access and plenty of driveway parking support flexible day-to-day use. Three units are currently rented under lease, and one home remains vacant for showing.
Each home has separate water and electric meters, providing independent utility service. The property is also described as a multi-parcel sale, with extra lot area offering the possibility of added parking, community amenities, or adding units subject to lot merger; plans are noted as drawn up and can convey.
Multi-road access and plenty of driveway parking support flexible day-to-day use. Three units are currently rented under lease, and one home remains vacant for showing.
Each home has separate water and electric meters, providing independent utility service. The property is also described as a multi-parcel sale, with extra lot area offering the possibility of added parking, community amenities, or adding units subject to lot merger; plans are noted as drawn up and can convey.
Key Highlights
- 4 unique bungalows on 2 contiguous lots (year built 1919) with driveway parking
- Unit mix: three 2 bed/1 bath homes and one 3 bed/2 bath home
- 3 units currently rented under lease; 1 home vacant for showing
Financial Insights For Apartment 5plus
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 | $68.5k | $15.48 |
| − Vacancy | −$7.2k | −$1.63 |
| EGI | $61.3k | $13.85 |
| − OpEx | −$27.6k | −$6.23 |
| NOI | $33.7k | $7.62 |
4,426 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$554.7K
$485.3K – $647.1K
NOI $38,827 @ 7.0% cap · market cap 9.71%
Second Best
Apartment 5plus
$481.8K
$421.6K – $562.1K
NOI $33,726 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,353 @ 7.0% cap · market cap 22.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four bungalows on two contiguous lots, with separate water and electric meters and driveway parking.
Where is this quadplex located?
The property is located at 319/323 Taylor Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 4 unique bungalows on 2 contiguous lots (year built 1919) with driveway parking; Unit mix: three 2 bed/1 bath homes and one 3 bed/2 bath home; 3 units currently rented under lease; 1 home vacant for showing
