3720 Atlantic AveDaytona Beach Shores, FL 32118

This exceptional 12-unit motel, the Atlantic Shores Motel, presents a compelling investment opportunity in Daytona Beach Shores, Florida. Located at 3720 S Atlantic Ave, Volusia County, zip code 32118, this property boasts a prime beachfront location directly across the street from the ocean. The motel comprises two, single-story buildings, constructed in 1954 and renovated extensively between 2018 and 2019. The property offers a strong net operating income (NOI) of $181,000, resulting in an attractive cap rate of 10.97% (based on proforma). The asking price is $1,650,000, and owner financing may be available with a $500,000 down payment. This presents a rare chance to acquire a well-maintained, high-performing hospitality asset in a desirable coastal location. The property's recent renovations ensure modern amenities and appeal to a broad range of guests. Its proximity to the ocean guarantees consistent occupancy and strong rental income. This is an ideal investment for those seeking a lucrative return on investment in the thriving Florida tourism market. The property's financial performance and location make it a highly attractive proposition for discerning investors. Serious inquiries are encouraged.