For Sale
$4,096,000

117 Bellevue AveDaytona Beach, FL 32114

34-unit apartment building, renovated, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 34-unit apartment building in Daytona Beach, Florida, priced at $4,096,000 ($120,470.59 per unit). The property is classified as a Class B multifamily building and is an owner-user investment. All 34 units are situated across three renovated compounds within a two-minute drive of each other, simplifying management. A significant advantage is the recent replacement of all mechanical, electrical, and plumbing systems, minimizing future maintenance expenses. The current average rent per unit is $1,250, offering substantial upside potential for increased rental income. High-quality fixtures and furniture enhance the units' appeal and rental value. Located in Volusia County, Florida, at 117 Bellevue Ave, Daytona Beach, FL 32114 (29.1977559, -81.0137719), this property benefits from Daytona Beach's robust tourism industry and growing economy, creating strong rental demand. The city's attractive lifestyle, coupled with affordable real estate compared to other Florida destinations, makes this a compelling investment prospect with potential for significant returns. The property's location offers easy access to Daytona Beach's attractions, further enhancing its appeal to renters. This is a turnkey investment opportunity with a strong foundation for long-term growth and profitability.

Highlights

  • 34-unit Class B multifamily property in Daytona Beach, FL, priced at $4,096,000 ($120,470.59 per unit).
  • Recently renovated with new MEP systems, minimizing future maintenance costs.
  • Currently generating $1,250 average monthly rent per unit, offering significant upside potential.
  • Located near Daytona Beach attractions, benefiting from strong tourism and a growing local economy.
  • Turnkey investment opportunity with high-quality finishes and furniture.

Property Details for 117 Bellevue Ave

Property type
Apartment buildings
Class
B
Units
34

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.1977559
Longitude
-81.0137719
117 Bellevue Ave, Daytona Beach, Florida

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117 Bellevue Ave
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