117 Bellevue Ave Daytona Beach, FL 32114

Property Details for 117 Bellevue Ave

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a 34-unit apartment building in Daytona Beach, Florida, priced at $4,096,000 ($120,470.59 per unit). The property is classified as a Class B multifamily building and is an owner-user investment. All 34 units are situated across three renovated compounds within a two-minute drive of each other, simplifying management. A significant advantage is the recent replacement of all mechanical, electrical, and plumbing systems, minimizing future maintenance expenses. The current average rent per unit is $1,250, offering substantial upside potential for increased rental income. High-quality fixtures and furniture enhance the units' appeal and rental value. Located in Volusia County, Florida, at 117 Bellevue Ave, Daytona Beach, FL 32114 (29.1977559, -81.0137719), this property benefits from Daytona Beach's robust tourism industry and growing economy, creating strong rental demand. The city's attractive lifestyle, coupled with affordable real estate compared to other Florida destinations, makes this a compelling investment prospect with potential for significant returns. The property's location offers easy access to Daytona Beach's attractions, further enhancing its appeal to renters. This is a turnkey investment opportunity with a strong foundation for long-term growth and profitability.