538 LOOMIS AVENUE at

538 LOOMIS AVENUE

For sale Days on market 126

$299,900

$130/sq ft

$50,000
Price Decreased

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Overview

Bedroom

Year Built

1928

Sqft

2304

Property Type

Triplex

Property Description

APPRAISED AT $304,000. Income Producing Triplex. Discover a strong cash-flowing investment opportunity with this well-maintained triplex in the heart of Daytona Beach. Consisting of two buildings with three separate units, this property is a proven income producer, currently generating $37,800 in annual rental income, with upside potential through rent increases or value-add improvements. Each unit is individually metered for electric and water, minimizing owner expenses and maximizing operational efficiency. The property also includes an additional fenced lot, providing flexibility for future development, storage, or added amenities. The roof was replaced in 2017, offering peace of mind and reduced near-term capital expenses. Ideally located just minutes from shopping, dining, entertainment, and the world-famous Daytona Beach, this property blends the appeal of coastal living with the fundamentals of a solid investment. Whether you’re a seasoned investor looking to expand your portfolio or a buyer entering the multifamily market, this is a rare opportunity in a prime location.

Property Details

MLS#

O6375014

Address

538 LOOMIS

City

DAYTONA BEACH

State/county

Zip/Postal Code

32114

Area

Daytona W 02/3 Lt 06 Blk 26

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,773

Maint Fee

$--

Tax Year

2025

Microwave

Range

Refrigerator

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