26 Hollywood AveDaytona Beach, FL 32118

Property Details for 26 Hollywood Ave

Property size (Sq ft)

3,126 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a five-unit apartment building located at 26 S Hollywood Ave, Daytona Beach, Florida, 32118. The property, encompassing 3,126 square feet on a 5,750 square foot lot, consists of one building with five one-bedroom, one-bathroom units. All units are currently rented, generating a gross annual rental income of $84,600 and a net operating income (NOI) of $63,806, representing an 8.50% cap rate. The asking price is $720,000. Each unit features upgraded bathrooms, electrical systems, and water heaters. The property is zoned BU, potentially allowing for short-term rentals or Airbnb operations, offering further income potential. Situated just a two-minute walk from the beach in a highly desirable Daytona Beach neighborhood, this Class C multifamily property benefits from strong rental demand and consistent price appreciation. Its location and solid performance history make it an attractive investment, even in fluctuating market conditions. The property's strong cash flow and potential for increased revenue through alternative rental strategies make it a compelling opportunity for investors seeking a stable and potentially high-growth investment.

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2246

Longitude

-81.0115

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