444 Seabreeze BlvdDaytona Beach, FL 32118

This exceptional multifamily investment opportunity presents 165 units in a prime Daytona Beach location at 444 Seabreeze Blvd SUITE 640, Volusia County, FL 32118. Currently boasting 100% occupancy, the property generates a strong Net Operating Income (NOI) of $2,366,835, representing a 7.40% capitalization rate. A pro-forma analysis projects an even more impressive NOI of $2,783,529 and an 8.70% cap rate, indicating significant value-add potential. Each unit is priced at $193,939.39, with a total asking price of $32,000,000. The property benefits from its strategic location in a high-demand area, known for its thriving tourism industry, diverse economy, and proximity to major urban centers. Daytona Beach's strong rental market, fueled by tourism, economic growth, and educational institutions, ensures a stable tenant base. The area's attractive quality of life, including coastal living and recreational activities, further enhances its appeal. Ongoing infrastructure development projects contribute to the area's continued growth and desirability. This investment offers a compelling combination of current income and significant upside potential, making it an attractive opportunity for discerning investors seeking exposure to a resilient and growing market. The property's historical performance and the potential for future appreciation, coupled with the possibility of favorable financing terms, make this a truly exceptional investment opportunity. Further investigation into local tax incentives may provide additional benefits.