600 S SEGRAVE STREET at

600 S SEGRAVE STREET

For sale Days on market 129

$449,000

$223/sq ft

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Overview

Bedroom

Year Built

1986

Sqft

2016

Property Type

Quadruplex

Property Description

'Value-Add 4-Plex Investment Opportunity in the Growing South Daytona Corridor Solid block-construction 4-unit multifamily property featuring four spacious 1-bedroom, 1-bath units with functional open-concept layouts, strong occupancy history, and significant long-term rental upside potential. The property has maintained consistent occupancy over multiple years and benefits from strong workforce housing demand driven by proximity to Daytona Beach, major employers, shopping, dining, and several nearby colleges and universities. Recent capital improvements include: Brand-new roof (2025) Updated bathroom vanities (2022) New stoves and refrigerators in Units 1 and 4 (2022) Situated on a desirable corner lot with additional parking and excellent accessibility, the property offers investors a compelling blend of current income, operational stability, and future NOI growth potential. Current rents remain materially below prevailing South Daytona market rates, creating a clear value-add and rent stabilization opportunity for investors seeking long-term cash flow growth and appreciation potential. Comparable market rents for similar 1-bedroom units in the area suggest meaningful upside through gradual rent normalization over time. Strong candidate for investors seeking: *Long-term hold strategy *workforce housing demand *future cap-rate improvement through stabilization *Excellent opportunity to acquire a fully occupied income-producing asset with measurable upside in one of Volusia County's established rental corridors."

Property Details

MLS#

FC318287

Address

600 SEGRAVE S

City

DAYTONA BEACH

State/county

Zip/Postal Code

32114

Area

Peck Blk 28 Daytona

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$5,702

Maint Fee

$--

Tax Year

2025

Electric Water Heater

Range

Refrigerator

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