Renovated South Daytona Apartment
For Sale
Contact for pricing
337 Rutledge Ave, South Daytona, FL 32119
Meticulously renovated 7-unit apartment building near beaches and highways.
Property Size10,800 SF
Price / SF$212.96
Days on Market151
Property Features for 337 Rutledge Ave
General Information
Standard status
Active
Size
10,800 SF
Property subtype
Multifamily
Building Details
Buildings
1
Stories
1
Units
7
Listing Agency:
Purucker Real Estate
Listed By:
Dayanis Purucker · License #3366027
(386) 315-4450
Source:
Crexi
Added: May 20
Changed: Oct 7
Last Checked: Oct 16 at 8:18AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,296
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,645,920
$1.6M
Cap Rate 7%
$1,175,657
$1.2M
Cap Rate 9%
$914,400
$914.4K
Market Conditions
NOI Build-Up for 10,800 SF
Gross rent
$167.2K $15.48/SF
− Vacancy
−$17.6K −$1.63/SF
EGI
$149.6K $13.85/SF
− OpEx
−$67.3K −$6.23/SF
NOI
$82.3K $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%
$1,645,920
Cap Rate 7%
$1,175,657
Cap Rate 9%
$914,400
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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.
