419 Wild Olive Ave Daytona Beach, FL 32118

Property Details for 419 Wild Olive Ave

Year built

1925

Property size

6,448 SF

Property type

Small apartment buildings

Description

This exceptional 9-unit apartment building in Daytona Beach, Florida, presents a compelling investment opportunity. Situated on an 8,903.66 sq ft lot at 419 N Wild Olive Avenue (32118), this property boasts 6,448 square feet of living space and offers a mix of unit sizes: one large 2-bedroom, five 1-bedroom, and three studio apartments. Built in 1925, the property features new roofs installed in 2022. Currently generating a gross monthly income of $8,475 ($101,700 annually) with long-term tenants in place, this property offers immediate cash flow. Tenants in units 2-9 are responsible for their own electricity; the owner covers electricity for unit 1. The property's convenient location places it near the intracoastal waterway and the Atlantic Ocean, as well as schools, churches, restaurants, shopping, and public transportation. Daytona Beach's thriving attractions, including Daytona One, Tanger Outlets, and the upcoming Pop Stroke Golf Attraction, further enhance its appeal. Approximately $20,000-$25,000 in renovations/repairs are estimated to complete the ongoing work. This is a priced-to-sell opportunity for a savvy investor seeking strong returns in a desirable coastal location.