Butler Blvd Daytona Beach, FL 32118

Property Details for 0 Butler Blvd

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a seven-unit apartment building situated on Butler Boulevard in Daytona Beach, Florida, zip code 32118. The property, built in 1948, boasts a single-story design on approximately 0.13 acres and is currently operating at 100% occupancy with long-term tenants. The asking price is $899,000, offering a compelling 9.34% capitalization rate and a net operating income (NOI) of $84,000. Zoned for multi-family residential use, this property presents significant potential for future development or renovations to maximize returns. Its prime location, a short distance from Daytona Beach's iconic shores, places it within a high-demand rental market, benefiting from the area's robust tourism and strong rental demand. The property's proximity to major attractions, including the Daytona International Speedway and Daytona Beach Boardwalk, further enhances its appeal to both long-term and short-term renters. The unit mix consists of a variety of one-bedroom, one-bathroom layouts, providing a diverse rental portfolio. This property offers a rare chance to acquire a stabilized, income-producing asset in a thriving coastal market. The property's current success, combined with its potential for future appreciation, makes it an attractive investment for those seeking strong returns in a desirable location. The property is conveniently located near highways, shopping, dining, and local attractions, ensuring easy access for residents and visitors alike.

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Longitude

-81.013

Latitude

29.2315