1 Clyde Morris BlvdSouth Daytona, FL 32119

This exceptional 50-unit apartment complex in South Daytona, Florida, presents a compelling value-add investment opportunity. The property, known as Bella Sylvia, consists of six single-story buildings situated on 10 acres of land. Built in 1987 and renovated in 2023, the Class B property boasts 100% occupancy and a current NOI of $475,000, projecting to $546,000. The asking price is $8,500,000, representing a price per unit of $170,000 and a current cap rate of 5.59%, with a pro-forma cap rate of 6.42%. The property features central heating and air conditioning, on-site laundry facilities, and is strategically located on Clyde Morris Boulevard, experiencing high daily traffic volume. Its proximity to major roadways (I-4 and I-95), Embry-Riddle Aeronautical University, Daytona State College, UCF, Halifax Hospital, Daytona International Speedway, shopping centers, and the beach (6 miles away) enhances its appeal. The property's location near the Amazon Fulfillment Center further contributes to its investment potential. Approximately 55% of the units offer potential for full renovations to command higher rental premiums. The permitted zoning is multifamily. This well-maintained asset offers significant upside potential for a savvy investor. The property's strong performance and prime location make it an attractive addition to any portfolio.