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Harvey Ave Daytona Beach, FL 32118

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For Sale
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4-Unit Apartment Building, High ROI

Property Features for 0 Harvey Ave

General Information

Property type
Multifamily properties

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Listing Contact
Dino Dodani
Dino Dodani

Listing Agent: Dino Dodani

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Overview

This exceptional 4-unit apartment building presents a compelling investment opportunity in the vibrant Daytona Beach, Florida market. Located on Harvey Avenue, this property boasts a prime location just minutes from the beach and a short distance from Daytona International Speedway, Volusia Mall, and the Daytona Beach Boardwalk. Each unit features a spacious 1-bedroom, 1-bathroom layout spanning approximately 400 square feet, complete with air conditioning, hardwood and tile floors, walk-in closets, and select units offering balcony access. Modern conveniences such as cable readiness and high-speed internet availability are also included. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $60,000, resulting in a current cap rate of 10.54% and a pro-forma cap rate of 13%. Water utilities are included in the rent, simplifying management and enhancing tenant appeal. The property's proximity to Embry-Riddle Aeronautical University, Daytona State College, and Bethune-Cookman University ensures a consistent pool of potential tenants. Daytona Beach's thriving tourism industry, coupled with its numerous annual events, contributes to strong rental demand and low vacancy risk. This multifamily investment offers significant potential for both immediate cash flow and long-term appreciation, making it an ideal addition to any investor's portfolio. The property's attractive features, combined with its strategic location and strong rental market, position it for continued success. The asking price is $569,000.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Daytona Beach
County
Volusia
State
Florida
Longitude
-81.0096799
Latitude
29.2242994

FAQs

What type of property is this?
Multifamily property - 4-Unit Apartment Building, High ROI
Where is this multifamily property located?
The property is located at Harvey Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Prime Daytona Beach location minutes from the beach, Daytona International Speedway, Volusia Mall, and the Daytona Beach Boardwalk.; High demand rental market due to proximity to Embry-Riddle Aeronautical University, Daytona State College, and Bethune-Cookman University, plus strong tourism.; Currently 100% occupied, offering immediate income potential and significant rental growth potential.
(386) 679-0888 Call to check price and availability
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