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    5202 Riverside Dr Port Orange, FL 32127

    For Sale
    $1,400,000

    Seven-unit Airbnb, waterfront oasis, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional seven-unit multifamily property in Port Orange, Florida, presents a lucrative investment opportunity. Boasting 158 feet of waterfront and full riparian rights, the property includes a main house with two units (a 3-bedroom and a 2-bedroom, both currently AirBnB rentals), three studios, and two one-bedroom units, all generating substantial rental income. The main house offers breathtaking river views, while the separate units provide additional income streams. Amenities include a 50-foot solar-heated pool, a hot tub, a Finnish wet-dry sauna, and a private 900 sq ft dock with 20-mile views. The property sits on nearly an acre of land, fully fenced with two drive gates, and features extensive parking for boats and RVs. Built with old Florida coquina stone and featuring custom interiors of western and California redwood, the property combines charm with modern conveniences. The asking price is $1,400,000, with a current NOI of $170,000 (12.14% cap rate) and a pro-forma cap rate of 16%. The property was renovated in 2023 and offers an assumable loan. This turnkey investment provides a unique blend of income generation and a luxurious waterfront lifestyle in a highly desirable location near Daytona Beach, offering easy access to beaches, recreational activities, shopping, dining, and excellent schools. The property's layout ensures privacy for both the owner and tenants.

    Property Features for 5202 Riverside Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Renovated
    2023
    Units
    7

    HighLights

    • Prime Port Orange location near Daytona Beach, offering coastal living and easy access to amenities.
    • Short distance to Atlantic Ocean beaches.
    • Abundant recreational opportunities including parks, fishing, golf, and more.
    • Highly‑rated schools in the area.
    • Convenient access to shopping and dining.
    • Vibrant cultural scene with live music, art, and theaters.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.9778921
    Latitude
    29.1274993

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    FAQs

    What type of property is this?
    Multifamily property - Seven-unit Airbnb, waterfront oasis, high ROI.
    Where is this multifamily property located?
    The property is located at 5202 Riverside Dr Port Orange, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Prime Port Orange location near Daytona Beach, offering coastal living and easy access to amenities.; Short distance to Atlantic Ocean beaches.; Abundant recreational opportunities including parks, fishing, golf, and more.
    (386) 679-0888
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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
    5202 Riverside Dr Port Orange, FL 32127
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