3221 Atlantic Ave Daytona Beach, FL 32118-6256

Prime investment opportunity: Daytona Beach Shores' Daytona Shores Inn & Suites, a 10-key oceanfront hotel, is available for $1,990,000. This value-add property boasts a projected 10.75% cap rate and a $214,000 projected net operating income (NOI). The property includes a three-bedroom, two-bathroom owner's unit, allowing for owner occupancy and rental income generation. All units feature either full kitchens or kitchenettes. Recent improvements include a new metal roof and upgraded windows, along with significant room renovations by the previous owner. The seller is currently upgrading the seawall and pool. Attractive below-market owner financing may be available. An adjacent property, comprising eight villas (two two-bedroom units and six one-bedroom units), presents a potential expansion opportunity (sold separately). This coastal property is ideal for an owner-operator seeking a blend of personal enjoyment and strong rental income, or for an out-of-state investor seeking a turnkey hospitality operation currently utilized as a hotel, motel, and Airbnb. All information should be independently verified by prospective buyers. Located at 3221 S Atlantic Ave, Daytona Beach Shores, FL 32118.