Concrete Block
For Sale
$799,000
835 N GRANDVIEW Ave, Daytona Beach, FL 32118
Fully occupied multifamily property offers flexible month-to-month leasing and private storage for each residence.
Property Size3,886 SF
Days on Market163
Property Features for 835 N GRANDVIEW Ave
General Information
Standard status
Active
Size
3,886 SF
Total Parking Spaces
3
Property subtype
Investment
Occupancy
100%
Lease Term
12 months
Units
Unit Mix
1 x 3BD/2BA, 3 x 2BD/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,158
Amenities
coin laundry
private balcony areas
private storage
Building Details
Building Size
3,886 SF
Year Built
1968
Buildings
1
Construction
concrete block
Listing Agency:
eXp Realty LLC
Listed By:
Robin Hart · License #3303631
(386) 679-5014
Source:
Elliman
Added: May 9
Changed: Oct 12
Last Checked: Oct 16 at 10:44AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1968 with concrete block construction and includes one 3BD/2BA residence plus three 2BD/1BA residences. Each unit has two private entrances and an individual locked storage area. The upper residences include private balcony spaces, while Unit 3 has a partial ocean view. Unit 4 has been fully renovated with vinyl plank flooring and updated bathrooms; Units 1 and 2 retain terrazzo flooring.
The property is near the beach and Hard Rock Hotel in Daytona Beach. Recent improvements include 2020 impact windows, storm shutters, copper A/C refrigerant lines, a retaining wall, and an irrigation well. Additional on-site features include coin-operated laundry, a rentable one-car garage, and two covered parking spaces. All four units are occupied under month-to-month leases.
The property is near the beach and Hard Rock Hotel in Daytona Beach. Recent improvements include 2020 impact windows, storm shutters, copper A/C refrigerant lines, a retaining wall, and an irrigation well. Additional on-site features include coin-operated laundry, a rentable one-car garage, and two covered parking spaces. All four units are occupied under month-to-month leases.
Key Highlights
- Four‑unit property with one 3BD/2BA unit and three 2BD/1BA units
- Concrete block construction; built in 1968
- Each unit includes two private entrances and a locked storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,090
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,800
$681.8K
Cap Rate 7%
$487,000
$487.0K
Cap Rate 9%
$378,778
$378.8K
Market Conditions
NOI Build-Up for 3,886 SF
Gross rent
$54.1K $13.92/SF
− Vacancy
−$5.4K −$1.39/SF
EGI
$48.7K $12.53/SF
− OpEx
−$14.6K −$3.76/SF
NOI
$34.1K $8.77/SF
Area
Volusia County, FL
Vacancy
9.97%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,800
Cap Rate 7%
$487,000
Cap Rate 9%
$378,778
Alternative Uses
Best Use
Multifamily LT 5
$487.0K
$426.1K – $568.2K
NOI $34,090 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$423.0K
$370.1K – $493.5K
NOI $29,611 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,207 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
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Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property offers flexible month-to-month leasing and private storage for each residence.
Where is this quadplex located?
The property is located at 835 N GRANDVIEW Ave 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: Four‑unit property with one 3BD/2BA unit and three 2BD/1BA units; Concrete block construction; built in 1968; Each unit includes two private entrances and a locked storage unit
