732 Halifax Avenue, Daytona Beach, FL 32118
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Priced at Only: $3,750,000
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Address: 732 Halifax Avenue, Daytona Beach, FL 32118
Property Location and Similar Properties
- MLS#: 1213832 ( Residential Income )
- Street Address: 732 Halifax Avenue
- Viewed: 4
- Price: $3,750,000
- Price sqft: $129
- Waterfront: No
- Year Built: 1963
- Bldg sqft: 29102
- Bedrooms: 14
- Total Baths: 14
- Full Baths: 14
- Garage / Parking Spaces: 5
- Additional Information
- Geolocation: 29 / -81
- County: VOLUSIA
- City: Daytona Beach
- Zipcode: 32118
- Subdivision: East Daytona
- Provided by: Miller Real Estate and Assoc.
- DMCA Notice
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DescriptionTurnkey 25 Unit Multifamily Investment True 6 Percent CAP | River Views | $150,000 Per Door. Introducing 732 N. Halifax Avenue, a fully completed 25 unit apartment building in Daytona Beach, FL now available for purchase at $3,750,000 ($150,000 per door). This stabilized, income producing asset offers a true 6P capitalization rate based on a current Net Operating Income of $227,228, verified and up to date. These are real numbers no projections, no inflation, no guesswork. Positioned just blocks from the beach and offering expansive views of the Halifax River and Atlantic Intracoastal Waterway system, this five story building attracts strong tenant demand while requiring minimal maintenance. While not directly waterfront, many units benefit from attractive river vistas, which enhance long term leasing potential. Key investment highlights: 25 Units: Mix of 1 and 2 bedroom layouts Coin operated laundry in the first floor lobby Concrete block construction for long term (cont) " Elevator access, secure entry, and designated parking " Located in a strong rental corridor with limited multifamily competition nearby With a solid in place income stream and no immediate capital improvements needed, this property is ideal for investors seeking reliable returns in a high growth Florida market. At the asking price, this building delivers consistent cash flow with verified financials and a clean 6 percent cap rate. Contact us today for the rent roll, expense breakdown, and to schedule a private tour of this high performing asset.
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Features
Building and Construction
- Exterior Features: Balcony, Impact Windows
- Flooring: Tile, Vinyl
Land Information
- Lot Features: Sprinklers In Front
Garage and Parking
- Parking Features: Assigned, Covered, Off Street, Parking Lot, Varies by Unit
Eco-Communities
- Water Source: Public
Utilities
- Cooling: Central Air, Multi Units, Separate Meters, Individual
- Heating: Central, Electric, Separate Meters, Individual
- Road Frontage Type: City Street
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Available, Water Available
Finance and Tax Information
- Tax Year: 2024
Rental Information
- Tenant Pays: Cable TV, Electricity, Water
Other Features
- Appliances: Refrigerator, Microwave, Electric Water Heater, Electric Range
- Furnished: Unfurnished
- Legal Description: W 1/2 OF LOT 2 BLK 8 EAST DAYTONA PER OR 3955 PG 0204 PER DC 5413 PG 4838 PER OR 5413 PGS 4869-4872 INC PER OR 6008 PGS 3152-3153 PER OR 6633 PG 2945 PER OR 6773 PG 2513
- Levels: Three Or More
- Parcel Number: 5305-01-08-0023
Owner Information
- Owner Pays: Common Area Maintenance, Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Janitorial Service, Management, Pest Control, Sewer, Trash Collection, Water
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- Christa L. Vivolo
- Tropic Shores Realty
- Office: 352.440.3552
- Mobile: 727.641.8349
- christa.vivolo@gmail.com