447 Lincoln St Daytona Beach, FL 32114
This Daytona Beach duplex presents a compelling investment opportunity, priced below market value. The property consists of two units on two separate pads, situated on a lot with 2,213 square feet of air rights. The first unit boasts four bedrooms and two bathrooms, along with two living areas, a kitchen, and a laundry room. The second unit offers two bedrooms, one bathroom, and a kitchenette. Both units benefit from a 10-year-old roof and central air conditioning (2008 in Unit 1; age of Unit 2's AC is unknown). An unfinished garage offers potential for conversion into a third rental unit, significantly increasing the property's income stream. The duplex features two separate driveways and entrances, providing privacy and convenient access for tenants. Located in Volusia County, Florida, with a permitted R-2 zoning, this fee-simple property is ideally situated near Daytona Beach's attractions, including the beach, Daytona International Speedway, and various dining and shopping options. The total net rentable square footage is 2,750. The property is zoned to prevent short-term rentals, ensuring a stable, long-term rental income stream. Built in 1961, this distressed property offers significant upside potential for a savvy investor seeking a strong return on investment in a desirable coastal location. The asking price is $290,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.