Beachside Multifamily
419 Wild Olive Daytona Beach, FL 32118
For Sale
Contact for pricing
Two-building 9-unit multifamily with a mix of studios, one-bedrooms, and two-bedroom units, all with one bathroom.
Property Size4,656 SF
Price / SF$171.61
Days on Market17
Property Features for 419 Wild Olive
General Information
- Standard status
- Active
- Size
- 4,656 SF
- Property subtype
- Multifamily
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors Ormond Beach
(386) 999-1762
Listed By:
Michael Baxter · License #SL3451680
Source:
Crexi
Added: Jul 8
Changed: Jul 22
Last Checked: Jul 23 at 10:05AM
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 SVN | Alliance Commercial Real Estate Advisors Ormond Beach
Investment Insights
Based on property information with market context.
This beachside multifamily property for sale consists of two buildings totaling nine residential units. The unit mix includes one two-bedroom apartment, three one-bedroom apartments, and four studio apartments. Each unit is listed as having one bathroom.
The property is located at 419 Wild Olive in Daytona Beach, Florida.
With a defined configuration of studios, one-bedrooms, and a single two-bedroom, this asset offers a straightforward rental mix for an ownership user or investor considering renovation and repositioning.
The property is located at 419 Wild Olive in Daytona Beach, Florida.
With a defined configuration of studios, one-bedrooms, and a single two-bedroom, this asset offers a straightforward rental mix for an ownership user or investor considering renovation and repositioning.
Key Highlights
- Two‑building 9‑unit multifamily property in Daytona Beach, FL
- Unit mix: 1 two‑bedroom, 3 one‑bedroom, and 4 studio apartments
- All 9 units have 1 bathroom each
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 | $72.1k | $15.48 |
| − Vacancy | −$7.6k | −$1.63 |
| EGI | $64.5k | $13.85 |
| − OpEx | −$29.0k | −$6.23 |
| NOI | $35.5k | $7.62 |
4,656 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$506.8K
$443.5K – $591.3K
NOI $35,479 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,100 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Two-building 9-unit multifamily with a mix of studios, one-bedrooms, and two-bedroom units, all with one bathroom.
Where is this apartment building located?
The property is located at 419 Wild Olive Daytona Beach, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑building 9‑unit multifamily property in Daytona Beach, FL; Unit mix: 1 two‑bedroom, 3 one‑bedroom, and 4 studio apartments; All 9 units have 1 bathroom each
