2215 Atlantic Ave Daytona Beach, FL 32118
- Residential income homes
- 2,632 SF
- 0.30 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 2215 Atlantic Ave
- Year built
- 1947
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.30 lot acres
- Property size
- 2,632 SF
- Zone code
- T1
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 4225-04-00-0040
- APU
- 422504000040
Description
This exceptional investment opportunity presents a fully renovated, six-unit apartment building in Daytona Beach, Florida. Situated directly across from the Atlantic Ocean at 2215 N Atlantic Ave, this one-story, 5,800 square foot complex boasts stunning ocean views from each of its six units. Completed in 2023, the renovations have created modern, comfortable spaces appealing to both vacationers and long-term renters. Each unit features a fully equipped kitchen and comfortably accommodates families, with many units being pet-friendly. The property enjoys a 78% occupancy rate, demonstrating strong rental demand. Onsite amenities include a shared outdoor pool, BBQ grills, outdoor seating, and parking for up to twelve vehicles. The property's prime beachside location, close proximity to local attractions, restaurants, and nightlife, ensures high occupancy rates year-round. This turnkey investment benefits from the strong demand for beachside rentals in Daytona Beach, offering both short-term rental income and long-term appreciation potential. The property is zoned for commercial use (C zoning). This is a rare opportunity to acquire a highly profitable, well-maintained multifamily property in a thriving coastal market. The property's location offers easy access to public transportation and shopping at Bellair Plaza. This combination of location, amenities, and strong rental history makes this a compelling investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $390,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $445,000
- Mixed-Use
- $360,000
- Hospitality
- $440,000
- Educational
- $355,000
- Residential Income
- $435,000
- Energy
- $355,000
- Income-Based Land
- $340,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0238
- Latitude
- 29.2588
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
