1018 Cutters WaySouth Daytona, FL 32119

Property Details for 1018 Cutters Way

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

4,200 SF

Zone code

I1

Property type

Industrial properties

Property subtype

Other warehouses

APN

5344-16-00-1385

APU

534416001385

Description

This exceptional South Daytona, Florida investment opportunity presents a unique blend of commercial and residential income streams. Located at 1018 Cutters Way, 32119, this multi-use property encompasses 4,926 square feet on a 10,201.75 square foot lot, with a total of 8,000 net rentable square feet. The property features three buildings, two stories high, and was built in 1977, undergoing a complete renovation in 2024. Improvements include a new metal roof, new appliances, granite countertops, updated bathrooms (both interior and exterior), and new AC and water heaters. The property currently houses sixteen income-producing units: seven 11.3' x 13' units, four 11.3' x 23' units, two 35' x 11.3' units, one efficiency apartment, one three-bedroom apartment, and a 22' x 33' cabinet shop. Additional income is generated from covered and uncovered parking spaces. The property boasts a strong current income stream of approximately $8,350 per month at full capacity, with a net operating income (NOI) of $93,600 and an 11.71% cap rate. The asking price is $799,000, with owner financing available. The property is zoned BHC (Business Heavy Commercial) and offers a turnkey operation with a permanent tenant base. Virtual tours are available.

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.1551

Longitude

-81.021

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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