0 Beville RdDaytona Beach, FL 32117

Property Details for 0 Beville Rd

Property size (Sq ft)

50,000 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 60-unit apartment building in Daytona Beach, Florida, presents a compelling investment opportunity. The property consists of nine buildings, three in one location and six in another, totaling 50,000 square feet. The buildings feature a total of 60 units, with 18 units in the front section and 42 units in the back. Recent improvements include a brand-new roof on one building (of the 42-unit section), and roof replacements on the other two buildings in that section approximately two years ago. The property is held within a Land Trust, simplifying the ownership transfer. The asking price is $7,499,000, representing $124,983.33 per unit and $149.98 per square foot. A partnership with a reputable lender offers flexible financing options, and the absence of mandatory wind coverage results in significant insurance savings (approximately $40,000). This property offers a strong return on investment and is ideally situated in a vibrant Daytona Beach community, providing convenient access to local amenities and services. The property's strategic layout and recent updates ensure enduring value and peace of mind for the discerning investor. This is a turnkey opportunity for immediate income generation and long-term growth.

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.241

Longitude

-81.0699

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