205 SHADY PLACE, Daytona Beach, Florida, 32114

Listed by COMPASS FLORIDA LLC, Nate Ingram, 386-316-7462, nate@ingramcre.com
$449,900
1,080 Sqft
0.11 Acres
4 bd
4 ba
#NS1089438
INVESTMENT OPPORTUNITY! Four-unit multifamily property at 205 Shady Pl in Daytona Beach offering immediate income and meaningful value-add potential. All four units are fully leased and secured by longtime leases, providing an established and stable rental history. The property generates a 5.45 CAP under current market conditions. For investors looking to increase returns, the property offers several opportunities for future income growth. Rents can potentially be increased toward current market levels, while the electrical service can be separated and individually metered for each unit, creating an opportunity to reduce owner-paid expenses. These improvements, combined with the existing rental income, provide an attractive value-add investment strategy. With four occupied units, established tenancy, existing cash flow, and multiple avenues for improving the property's financial performance, this property is well suited for both experienced multifamily investors and those looking to expand their rental portfolio. Convenient Daytona Beach location adds to the property's long-term investment appeal. Buyer to verify all measurements, zoning, utility configurations, leases, expenses, and financial information.

PROPERTY FEATURES

  • Utilities : Electricity Connected, Sewer Connected, Water Connected
  • Water Access : 0
  • Sewer : Public Sewer
  • Road Surface Type : Asphalt
  • Roof : Shingle
  • Property Condition : Completed
  • Zoning : MFR
  • Heating : Other
  • Cooling : Wall/Window Unit(s)
  • Construction Materials : HardiPlank Type
  • Interior Features : Other
  • Laundry Features : Other
  • Appliances : Range, Refrigerator
  • Flooring : Vinyl
PROPERTY DETAILS
ID: NS1089438
Status: Active
Price: $449,900
Acres: 0.11 Acres
Price Per Acre: $4,090,000
Type: Single Family / Detached
Address: 205 SHADY PLACE
City, State: Daytona Beach, Florida
County: Volusia
Zip Code: 32114
Lat/Long: 29.193923, -81.012771
Presented By: Nate Ingram
Phone: 386-316-7462
Email: Click to Contact
Agent
Nate Ingram