Daytona Beach Multifamily
For Sale
$2,350,000
900 S Peninsula Dr, Daytona Beach, FL 32118
18-unit value-add opportunity in Daytona Beach waterfront property.
Property Size841 SF
Price / SF$2,794
Days on Market98
Property Features for 900 S Peninsula Dr
General Information
Standard status
Active
Size
841 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$23,293
Building Details
Building Size
841 SF
Year Built
1972
Stories
3
Units
18
Listing Agency:
FPB Investment Properties, Inc.
(561) 566-6651
Listed By:
Roman Fischer · License #3284948
(561) 566-6651
Source:
Elliman
Added: May 27
Changed: Aug 23
Last Checked: Aug 31 at 5:55PM
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 FPB Investment Properties, Inc.
Investment Insights
Based on property information with market context.
An opportunity exists to acquire 18 units within a 39-unit building. The property is a waterfront building with direct access to beaches and a private boat dock. The building is located in Daytona Beach, providing access to attractions, dining, shopping, and hospitals. The city has an international airport and hosts year-round festivals and events, including the Daytona 500 NASCAR race. The property consists of concrete block construction. New roofs were installed in 2019. All units feature 2 bedrooms, 1 bathroom, and central air conditioning. The property is currently operating at a 6% capitalization rate with potential for increased value.
Key Highlights
- Waterfront property with private boat dock and immediate access to premier beaches.
- Value‑add opportunity to acquire 18 units in a 39‑unit building under $150 per sq.ft. with substantial upside potential.
- Currently operating at a 6% capitalization rate.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,282
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 18-unit value-add opportunity in Daytona Beach waterfront property.
Where is this apartment building located?
The property is located at 900 S Peninsula Dr Daytona Beach, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Waterfront property with **private boat dock and immediate access to premier beaches.**; Value‑add opportunity to acquire 18 units in a 39‑unit building under $150 per sq.ft. with **substantial upside potential.**; Currently operating at a 6% capitalization rate.
