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Property profile

2215 N Atlantic Ave Daytona Beach, FL 32118

FOR SALE
Residential income homes
Property ID
US18-1688600
2,632 SF 0.3 ac lot Built 1947
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,632 SF
Lot 0.3 ac (13,019 SF)
Zoning code T1
APN 4225-04-00-0040
UPID US18-1688600

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2215 N Atlantic Ave Daytona Beach, FL 32118
Daytona Beach metro Census 81101 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2024
Last sale
$300,000
6 recorded transactions
2024
$650,000
2022
$300,000
2020
$330,000
2020
$410,000
2002
$225,000
1998
$145,000

Zoning & alternative use

T1 · Daytona Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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