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    20 Grandview Ave Daytona Beach, FL 32118

    Sponsored
    For Sale
    $550,000

    4-Unit Apartment Building, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4-unit apartment building in Daytona Beach, Florida, presents a compelling value-add investment opportunity. Boasting a 9.09% cap rate and a strong $50,000 annual net operating income (NOI), this Class B property offers significant potential for increased profitability. Currently operating at 100% occupancy, the building is strategically located in the heart of the tourist district, just blocks from the beach, Halifax River, and a vibrant array of amenities. Its proximity to major employers, including Embry-Riddle Aeronautical University, Bethune-Cookman University, Daytona State College, Halifax Hospital System, NASCAR Headquarters, and Daytona Beach International Airport, ensures consistent tenant demand. The asking price is $550,000, representing a price per unit of $137,500. This prime location offers easy access to a convention center, water park, bandshell, boardwalk, restaurants, hotels, and the ONE Daytona Entertainment & Shopping District. The property's strong performance and strategic location make it an ideal investment for those seeking a high-return, low-risk opportunity in a thriving Florida market. This is a rare chance to acquire a well-positioned multifamily asset with immediate cash flow and significant upside potential. The property's current success, coupled with its proximity to major employment centers and tourist attractions, positions it for continued growth and strong returns. This is a turnkey investment ready for immediate income generation.

    Property Features for 20 Grandview Ave

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Units
    4

    HighLights

    • Four‑unit multifamily apartment building in Daytona Beach, FL.
    • Prime location, blocks from the beach and Halifax River.
    • Close proximity to numerous amenities, including shopping, dining, and recreation.
    • Minutes from major employers such as universities, hospitals, and NASCAR.
    • 9.09% cap rate, 100% occupancy, $50,000 NOI, asking price $550,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0092278
    Latitude
    29.2254528

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    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 20 Grandview Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Four-unit multifamily apartment building in Daytona Beach, FL.; Prime location, blocks from the beach and Halifax River.; Close proximity to numerous amenities, including shopping, dining, and recreation.
    Request Owner's contact information
    20 Grandview Ave Daytona Beach, 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
    20 Grandview Ave Daytona Beach, FL 32118
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