228 Bay St Daytona Beach, FL 32114

Property Details for 228 Bay St

Year built

1901

Property size

2,930 SF

Property type

Small apartment buildings

Description

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.