Property Description

An exceptional opportunity to acquire a stabilized, income-producing five-unit multifamily property located in the desirable Surfside Historic District of Daytona Beach. This property delivers a net operating income (NOI) of $64,114 and a 9.1 cap rate, offering investors a blend of strong returns and long-term appreciation potential. Four of the five units are currently occupied, providing immediate, dependable cash flow. The property benefits from a combined federal housing income, ensuring reliable, government-backed rent payments and reduced vacancy risk. Nestled in one of Daytona Beach’s most sought-after neighborhoods, this property combines historic character with modern income performance. Residents enjoy proximity to the Daytona Beach shoreline, downtown entertainment, and major employers, enhancing both tenant demand and property value.

Property Details