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    117 Bellevue Ave Daytona Beach, FL 32114

    Sponsored
    For Sale
    $4,096,000

    34-unit apartment building, renovated, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 34-unit apartment building in Daytona Beach, Florida, priced at $4,096,000 ($120,470.59 per unit). The property is classified as a Class B multifamily building and is an owner-user investment. All 34 units are situated across three renovated compounds within a two-minute drive of each other, simplifying management. A significant advantage is the recent replacement of all mechanical, electrical, and plumbing systems, minimizing future maintenance expenses. The current average rent per unit is $1,250, offering substantial upside potential for increased rental income. High-quality fixtures and furniture enhance the units' appeal and rental value. Located in Volusia County, Florida, at 117 Bellevue Ave, Daytona Beach, FL 32114 (29.1977559, -81.0137719), this property benefits from Daytona Beach's robust tourism industry and growing economy, creating strong rental demand. The city's attractive lifestyle, coupled with affordable real estate compared to other Florida destinations, makes this a compelling investment prospect with potential for significant returns. The property's location offers easy access to Daytona Beach's attractions, further enhancing its appeal to renters. This is a turnkey investment opportunity with a strong foundation for long-term growth and profitability.

    Property Features for 117 Bellevue Ave

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Units
    34

    HighLights

    • 34‑unit Class B multifamily property in Daytona Beach, FL, priced at $4,096,000 ($120,470.59 per unit).
    • Recently renovated with new MEP systems, minimizing future maintenance costs.
    • Currently generating $1,250 average monthly rent per unit, offering significant upside potential.
    • Located near Daytona Beach attractions, benefiting from strong tourism and a growing local economy.
    • Turnkey investment opportunity with high‑quality finishes and furniture.
    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 Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0137719
    Latitude
    29.1977559

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    FAQs

    What type of property is this?
    Multifamily property - 34-unit apartment building, renovated, high ROI.
    Where is this multifamily property located?
    The property is located at 117 Bellevue Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $4,096,000.
    What are key features of this property?
    This property features: 34-unit Class B multifamily property in Daytona Beach, FL, priced at $4,096,000 ($120,470.59 per unit).; Recently renovated with new MEP systems, minimizing future maintenance costs.; Currently generating $1,250 average monthly rent per unit, offering significant upside potential.
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    Daytona Beach, FL 32114
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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
    117 Bellevue Ave Daytona Beach, FL 32114
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