Daytona Beach Multifamily
900 S Peninsula Drive Daytona Beach, FL 32118
900 S Peninsula Drive, Daytona Beach, FL, 32118
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For Sale
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18-unit value-add opportunity in Daytona Beach waterfront property.
Property Size841 SF
Price / SF$2,794
Days on Market55
Property Features for 900 S Peninsula Drive
General Information
- Standard status
- Active
- Size
- 841 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing Agency
FPB Investment Properties, Inc
Listed by
Roman Fischer
Source
Crexi
Added: May 25 Checked: Jul 17 at 3:57 am
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
Location Intelligence
Current Use by Public Records
Newport Apartments
Apartment Building
HEAVILY MEDICATED PRODUCTIONS ...
Recording Studio
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FAQs
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 Drive 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.
