For Sale
$475,000

228 Bay StDaytona Beach, FL 32114

Eight-unit building, high rental income

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional eight-unit apartment building at 228 Bay Street, Daytona Beach, Florida, presents a compelling investment opportunity. Built in 1901, this property boasts a substantial 2,930 square feet of living space situated on a 6,098.4 square foot lot. Currently fully occupied, the building generates a substantial monthly gross income of $7,850, translating to an impressive annual gross income of $94,200. Long-term tenants are in place, providing stability and consistent cash flow. The property's prime location offers tenants easy access to a variety of amenities. It's situated just a short distance from the river and less than two miles from the beach, providing residents with convenient access to recreational opportunities. Furthermore, its proximity to schools, churches, restaurants, shopping malls, and public transportation enhances its appeal to tenants. The asking price is $475,000, representing a strong return on investment for a discerning buyer. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a desirable location. The property is classified as Multifamily, Land, and further categorized as an Apartment Building, Commercial, and Duplex/Triplex/Quadruplex. The zip code is 32114.

Highlights

  • Eight-unit apartment building in Daytona Beach, FL.
  • 2,930 square feet on a 6,098.4 square foot lot.
  • Fully occupied, generating $7,850 monthly gross income ($94,200 annually).
  • Prime location near the river and beach, with easy access to amenities.
  • Asking price: $475,000.
  • Built in 1901.

Property Details for 228 Bay St

Property type
Land, Apartment buildings
Square Feet
2,930 SF
Year Built
1901
Units
8

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.2133884
Longitude
-81.0232953
228 Bay St, Daytona Beach, Florida

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228 Bay St
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