Property summary
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.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Derived from the Daytona Beach market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
T1 · Daytona Beach, FLZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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