Renovated South Daytona Apartment
337 Rutledge Ave South Daytona, FL 32119
337 Rutledge Ave, South Daytona, FL, 32119
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For Sale
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Meticulously renovated 7-unit apartment building near beaches and highways.
Property Size10,800 SF
Price / SF$212.96
Days on Market60
Property Features for 337 Rutledge Ave
General Information
- Standard status
- Active
- Size
- 10,800 SF
- Property subtype
- Multifamily
Listing Agency
Purucker Real Estate
(386) 315-4450
Listed by
Dayanis Purucker · License #3366027
Source
Crexi
Added: May 20 Checked: Jul 17 at 3:13 am
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 Purucker Real Estate
Investment Insights
Based on property information with market context.
This South Daytona apartment building presents an investment opportunity with seven renovated units. Each unit features a two-story layout with 2 bedrooms, 2.5 baths, and entertainment areas. The interiors showcase modern sophistication with high-end finishes, elegant fixtures, and attention to detail. The open-concept kitchens include appliances, cabinetry, countertops, and islands. The upper level of each unit has two bedrooms with natural light, ceiling fans, and mini-split A/Cs. The upstairs bathrooms are tiled and offer either a shower tub combo or a walk-in shower, along with a main-floor powder room. The property includes new roofing, windows, HVAC units, water heaters, and privacy fences. The building is located near shopping, dining, the beach, and the I-95 and I-4 Interchange. The current owner has initiated the entitlement process to convert the property from a multi-family residence to a condominium.
Key Highlights
- Fully renovated apartment building featuring seven 2‑bedroom, 2.5‑bath units.
- Opportunity for rental income from all units or owner‑occupy one while renting the others.
- Modern interiors boast high‑end finishes, top‑notch appliances, and open‑concept kitchens.
Local 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 | $167.2k | $15.48 |
| − Vacancy | −$17.6k | −$1.63 |
| EGI | $149.6k | $13.85 |
| − OpEx | −$67.3k | −$6.23 |
| NOI | $82.3k | $7.62 |
10,800 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,296 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.18M
$2.79M – $3.72M
NOI $222,912 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Meticulously renovated 7-unit apartment building near beaches and highways.
Where is this apartment building located?
The property is located at 337 Rutledge Ave South Daytona, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Fully renovated apartment building featuring seven 2‑bedroom, 2.5‑bath units.; Opportunity for rental income from all units or owner‑occupy one while renting the others.; Modern interiors boast high‑end finishes, top‑notch appliances, and open‑concept kitchens.
