900 S Peninsula Dr - Apartments FOR SALE


Daytona Beach, FL 32118
$2,350,000 USD
561-573-8393
900 S Peninsula Dr, Daytona Beach, FL for Sale
$2,350,000 USD
Apartments - FOR SALE
1/3
null | 7.02% Cap Rate

900 S Peninsula Dr
Daytona Beach, FL 32118


HIGHLIGHTS

  • Waterfront multifamily
  • Seller Financing available up to 50%

OVERVIEW

Opportunity to acquire 18 units value-add in a 39-unit building under $150 per sq.ft. Currently at 7% cap with substantial upside. Waterfront property with immediate access to premier beaches and a private boat dock. All units are 2BR 1BA with central AC. New roofs - replaced in 2019. Concrete block product throughout. Owner financing is available up to 30%, LTV 30%. Situated in the heart of Daytona Beach, this property provides easy access to local attractions, dining establishments, shopping destinations and hospitals. Daytona Beach with its International Airport and vibrant atmosphere is a bustling city with year-round festivals and events, notably the iconic Daytona 500 NASCAR race.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

18

PRICE/UNIT

$130,556

CAP RATE

7.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newport Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

MFR-20

APN/PARCEL ID

5309-19-00-0110

ASK ABOUT THIS PROPERTY

Roman FischerFPB Investment Properties, Inc.More Info
561-573-8393

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Roman FischerFPB Investment Properties, Inc.More Info
561-573-8393

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.