117 Bellevue Ave Daytona Beach, FL 32114
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.