For Sale
$1,400,000

5202 Riverside DrPort Orange, FL 32127

Seven-unit Airbnb, waterfront oasis, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional seven-unit multifamily property in Port Orange, Florida, presents a lucrative investment opportunity. Boasting 158 feet of waterfront and full riparian rights, the property includes a main house with two units (a 3-bedroom and a 2-bedroom, both currently AirBnB rentals), three studios, and two one-bedroom units, all generating substantial rental income. The main house offers breathtaking river views, while the separate units provide additional income streams. Amenities include a 50-foot solar-heated pool, a hot tub, a Finnish wet-dry sauna, and a private 900 sq ft dock with 20-mile views. The property sits on nearly an acre of land, fully fenced with two drive gates, and features extensive parking for boats and RVs. Built with old Florida coquina stone and featuring custom interiors of western and California redwood, the property combines charm with modern conveniences. The asking price is $1,400,000, with a current NOI of $170,000 (12.14% cap rate) and a pro-forma cap rate of 16%. The property was renovated in 2023 and offers an assumable loan. This turnkey investment provides a unique blend of income generation and a luxurious waterfront lifestyle in a highly desirable location near Daytona Beach, offering easy access to beaches, recreational activities, shopping, dining, and excellent schools. The property's layout ensures privacy for both the owner and tenants.

Highlights

  • Prime Port Orange location near Daytona Beach, offering coastal living and easy access to amenities.
  • Short distance to Atlantic Ocean beaches.
  • Abundant recreational opportunities including parks, fishing, golf, and more.
  • Highly-rated schools in the area.
  • Convenient access to shopping and dining.
  • Vibrant cultural scene with live music, art, and theaters.

Property Details for 5202 Riverside Dr

Property type
Residential income homes
Year Renovated
2023
Units
7

Location Insight

City
Port Orange
County
Volusia
State
Florida
Latitude
29.1274993
Longitude
-80.9778921
5202 Riverside Dr, Port Orange, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5202 Riverside Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message