For Sale
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Property summary
This exceptional eight-unit apartment building at 228 Bay Street, Daytona Beach, Florida, presents a compelling investment opportunity. Built in 1901, this property boasts a substantial 2,930 square feet of living space situated on a 6,098.4 square foot lot. Currently fully occupied, the building generates a substantial monthly gross income of $7,850, translating to an impressive annual gross income of $94,200. Long-term tenants are in place, providing stability and consistent cash flow. The property's prime location offers tenants easy access to a variety of amenities. It's situated just a short distance from the river and less than two miles from the beach, providing residents with convenient access to recreational opportunities. Furthermore, its proximity to schools, churches, restaurants, shopping malls, and public transportation enhances its appeal to tenants. The asking price is $475,000, representing a strong return on investment for a discerning buyer. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a desirable location. The property is classified as Multifamily, Land, and further categorized as an Apartment Building, Commercial, and Duplex/Triplex/Quadruplex. The zip code is 32114.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Daytona Beach market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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