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    600 Oakridge Blvd Daytona Beach, FL 32118

    Sponsored
    For Sale
    $1,250,000

    Beachfront Six-Unit Income Property

    Property size:
    3,312 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional investment opportunity presents a tastefully renovated six-unit multifamily property ideally situated in Daytona Beach's vibrant tourist district. The property, located at 600 Oakridge Boulevard, boasts a prime location approximately 400 feet from the beach and just two blocks from key attractions such as Ocean Walk, the Ocean Center, Daytona Band Shell, the beachside bus terminal, and Daytona Lagoon. The building, constructed of durable block, comprises six units: two one-bedroom, one-bathroom apartments and four studio apartments. All eight air conditioning and heating units are less than three years old, ensuring efficient and cost-effective operation. A convenient laundry facility is located in the maintenance room. The property sits on an 11,081.66 square foot lot and encompasses a total of 3,312 square feet of living space, spread across a single story. Built in 1952, this property offers a strong track record with a pro-forma Net Operating Income (NOI) of $86,800, resulting in a 6.94% capitalization rate. Current unit rents are $1,695 for the one-bedroom units and range from $1,500 to $1,600 for the studio units. This presents a compelling opportunity for investors seeking a high-yield, well-located property in a thriving market. The property is zoned for multifamily, office, and residential use.

    Property Features for 600 Oakridge Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,312 SF

    Building Details

    Year Built
    1952
    Stories
    1
    Units
    6

    HighLights

    • $1,250,000 asking price.
    • Six‑unit multifamily property in Daytona Beach, FL.
    • 3,312 square feet on an 11,081.66 square foot lot.
    • One‑story, 1952 construction.
    • Located near Daytona Beach's tourist attractions, approximately 400 feet from the beach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Balinese Cottages. Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -81.0123104
    Latitude
    29.2334675

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    FAQs

    What type of property is this?
    Multifamily property - Beachfront Six-Unit Income Property
    Where is this multifamily property located?
    The property is located at 600 Oakridge Blvd Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price.; Six-unit multifamily property in Daytona Beach, FL.; 3,312 square feet on an 11,081.66 square foot lot.
    Request Owner's contact information
    600 Oakridge Blvd 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
    600 Oakridge Blvd Daytona Beach, FL 32118
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