524 Phoenix Ave Daytona Beach, FL 32118
Two-story duplex with updated features and income potential.
Property Features for 524 Phoenix Ave
General Information
- Standard status
- Active
- Size
- 2,154 SF
- Lot size
- 0.12 Acres
- Property subtype
- Multifamily, Senior Living
Building Details
- Year Built
- 1915
Listing office Executive Realty Network
Listing date Mar 23, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Directly across the street from the ocean.
- Two‑unit duplex providing rental income ($1600 + $2600 per month).
- Each unit has a private entrance, kitchen, and laundry room.
Local 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 | $30.0k | $13.92 |
| − Vacancy | −$3.0k | −$1.39 |
| EGI | $27.0k | $12.53 |
| − OpEx | −$8.1k | −$3.76 |
| NOI | $18.9k | $8.77 |
