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    3635 Cardinal Blvd Daytona Beach Shores, FL 32118

    Sponsored
    For Sale
    $1,550,000

    Four-unit building, ocean views, short-term rentals allowed

    Property size:
    6,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional four-unit multifamily property, located at 3635 Cardinal Boulevard in Daytona Beach Shores, Florida, presents a unique investment opportunity. Boasting 6,800 square feet on a 10,497.96 square foot lot, this three-story, 1973-built concrete block building offers stunning ocean views, just a block from the beach and a short distance from the river. The property comprises four townhouse-style units, each featuring three balconies and a back patio, along with a first-floor garage. Three units are currently rented on long-term leases, while one unit is utilized for short-term rentals, a significant income stream advantage. Recent renovations have enhanced three of the units. The building benefits from a newer roof (2017) and updated air conditioning systems. A convenient on-site laundry room adds to the property's appeal. The asking price is $1,550,000. For owner-occupant buyers, a 5% downpayment loan option is available, making this prime beachfront property an attractive and accessible investment. This is a rare opportunity to acquire a multifamily property in a highly desirable location with significant rental income potential.

    Property Features for 3635 Cardinal Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,800 SF

    Building Details

    Year Built
    1973
    Stories
    3
    Units
    4

    HighLights

    • $1,550,000 asking price.
    • Four‑unit multifamily property in Daytona Beach Shores, FL.
    • 6,800 square feet on a 10,497.96 square foot lot.
    • Three‑story building, constructed in 1973.
    • Townhouse‑style units with garages, balconies, and patios; short‑term rentals allowed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach Shores
    County
    Volusia
    State
    Florida
    Longitude
    -80.9674674
    Latitude
    29.1467608

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit building, ocean views, short-term rentals allowed
    Where is this multifamily property located?
    The property is located at 3635 Cardinal Blvd Daytona Beach Shores, FL.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: $1,550,000 asking price.; Four-unit multifamily property in Daytona Beach Shores, FL.; 6,800 square feet on a 10,497.96 square foot lot.
    Request Owner's contact information
    3635 Cardinal Blvd Daytona Beach Shores, FL 32118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3635 Cardinal Blvd Daytona Beach Shores, FL 32118
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