Investment Opportunity: 10-Unit Multifamily/Motel in Ormond Beach Discover a rare opportunity in Ormond Beach with this 10-unit multifamily/motel property. Situated in an area allowing for 22 luxury beachfront condominiums, this oceanfront property offers unique potential at an attractive price point. Key Features: Prime Location: Close to Ormond Beach's sandy shores, this property is well-positioned for future development. Development Potential: Zoning permits the construction of multifamily, making this property a lucrative investment. Oceanfront Access: Enjoy direct access to the beach and stunning ocean views from every unit. Investment Potential: With demand for upscale beachfront properties rising, this property offers a promising investment opportunity. Current Cashflow: Throughout the redevelopment, you can count on current cashflow of the existing property through phase 1. Investment Highlights: Growing Market: Ormond Beach is showing potential for growth, making this property a strategic investment. Versatile Usage: Whether as a rental property or for redevelopment, this property offers diverse revenue streams. Proven Success: With a history as a rental property, this property has a solid foundation for future success. Seize this unique opportunity to invest in Ormond Beach's future. Contact us today for more information.