2-Bedroom Residential Income
For Sale
$159,900
920 BOULDER DRIVE, South Daytona, FL 32119
Concrete block half-duplex with roof and bathroom updates, open living space, and residential zoning.
Property Size920 SF
Price / SF$173.80
Days on Market78
Property Features for 920 BOULDER DRIVE
General Information
Standard status
Active
Size
920 SF
Property subtype
Single Family Residence
Property Condition
Severity
Repairs Needed
Evidence
with some TLC
Additional Details
Multifamily Units
1
Building Details
Year Built
1981
Construction
concrete block
Listing Agency:
THE KEYES COMPANY
(386) 428-5723
Listed By:
Travous Dever · License #3088591
(386) 690-1636
Source:
Dennisrealty
Added: Aug 12
Changed: Oct 27
Last Checked: Oct 26 at 3:09PM
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 THE KEYES COMPANY
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Investment Insights
Based on property information with market context.
This 2-bedroom, 1-bath half-duplex is a concrete block residence built in 1981. The home includes an open floor plan along with updates to the roof and bathroom, while additional work remains for a buyer planning further improvements. Residential zoning supports the property’s existing residential use.
The home is in South Daytona, just off Nova and Beville Roads. Schools, shopping, and dining are nearby, with the Halifax River and Daytona Beach shores located just blocks away. The property’s configuration may suit an owner-occupant or residential income strategy, as reflected by its half-duplex design.
The home is in South Daytona, just off Nova and Beville Roads. Schools, shopping, and dining are nearby, with the Halifax River and Daytona Beach shores located just blocks away. The property’s configuration may suit an owner-occupant or residential income strategy, as reflected by its half-duplex design.
Key Highlights
- 2‑bedroom, 1‑bath concrete block half‑duplex
- Built in 1981
- Roof and bathroom updates completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,010
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,200
$140.2K
Cap Rate 7%
$100,143
$100.1K
Cap Rate 9%
$77,889
$77.9K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$14.2K $15.48/SF
− Vacancy
−$1.5K −$1.63/SF
EGI
$12.7K $13.85/SF
− OpEx
−$5.7K −$6.23/SF
NOI
$7.0K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,200
Cap Rate 7%
$100,143
Cap Rate 9%
$77,889
Alternative Uses
Best Use
Apartment 5plus
$100.1K
$87.6K – $116.8K
NOI $7,010 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$271.3K
$237.4K – $316.5K
NOI $18,989 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
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Business Placement
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Concrete block half-duplex with roof and bathroom updates, open living space, and residential zoning.
Where is this residential income property located?
The property is located at 920 BOULDER DRIVE South Daytona, FL.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath concrete block half‑duplex; Built in 1981; Roof and bathroom updates completed
