For Sale
$7,499,000

Beville Rd Daytona Beach, FL 32117

60-unit apartment complex, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 60-unit apartment building in Daytona Beach, Florida, presents a compelling investment opportunity. The property consists of nine buildings, three in one location and six in another, totaling 50,000 square feet. The buildings feature a total of 60 units, with 18 units in the front section and 42 units in the back. Recent improvements include a brand-new roof on one building (of the 42-unit section), and roof replacements on the other two buildings in that section approximately two years ago. The property is held within a Land Trust, simplifying the ownership transfer. The asking price is $7,499,000, representing $124,983.33 per unit and $149.98 per square foot. A partnership with a reputable lender offers flexible financing options, and the absence of mandatory wind coverage results in significant insurance savings (approximately $40,000). This property offers a strong return on investment and is ideally situated in a vibrant Daytona Beach community, providing convenient access to local amenities and services. The property's strategic layout and recent updates ensure enduring value and peace of mind for the discerning investor. This is a turnkey opportunity for immediate income generation and long-term growth.

Highlights

  • Nine-building Daytona Beach multifamily property with 60 units total.
  • Two locations: three buildings with 18 units, and six buildings with 42 units.
  • Recently updated roofs; one building has a brand-new roof, others replaced within the last two years.
  • Held in a Land Trust for simplified ownership transfer.
  • Seller-arranged financing available, and wind insurance not required, saving $40,000 annually on premiums.
  • Asking price available upon request.

Property Details for 0 Beville Rd

Property type
Apartment buildings
Square Feet
50,000 SF
Class
B
Units
60

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.240991
Longitude
-81.0699462

FAQs

What type of property is this?
Apartment building - 60-unit apartment complex, prime location.
Where is the apartment building located?
The property is located at Beville Rd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $7,499,000.
What are key features of this property?
This property features: Nine-building Daytona Beach multifamily property with 60 units total.; Two locations: three buildings with 18 units, and six buildings with 42 units.; Recently updated roofs; one building has a brand-new roof, others replaced within the last two years.
How can I contact the broker?
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0 Beville Rd
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