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  • MLS#: 1214090 ( Residential Income )
  • Street Address: 732 Halifax Avenue
  • Viewed: 535
  • Price: $3,750,000
  • Price sqft: $129
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 29102
  • Bedrooms: 37
  • Total Baths: 37
  • Full Baths: 37
  • Garage / Parking Spaces: 5
  • Additional Information
  • Geolocation: 29 / -81
  • County: VOLUSIA
  • City: Daytona Beach
  • Zipcode: 32118
  • Subdivision: East Daytona
  • Provided by: Miller Real Estate and Assoc.
  • Daytona Beach Area Association of REALTORS®
  • DMCA Notice
  • Description
    Turnkey 25 Unit Multifamily Investment True 6 Percent CAP | River Views | $150,000 Per Door. Introducing 732 N. Halifax Avenue, a fully completed 25 unit apartment building in Daytona Beach, FL now available for purchase at $3,750,000 ($150,000 per door). This stabilized, income producing asset offers a true 6P capitalization rate based on a current Net Operating Income of $227,228, verified and up to date. These are real numbers no projections, no inflation, no guesswork. Positioned just blocks from the beach and offering expansive views of the Halifax River and Atlantic Intracoastal Waterway system, this five story building attracts strong tenant demand while requiring minimal maintenance. While not directly waterfront, many units benefit from attractive river vistas, which enhance long term leasing potential. Key investment highlights: 25 Units: Mix of 1 and 2 bedroom layouts Coin operated laundry in the first floor lobby Concrete block construction for long term (cont) " Elevator access, secure entry, and designated parking " Located in a strong rental corridor with limited multifamily competition nearby With a solid in place income stream and no immediate capital improvements needed, this property is ideal for investors seeking reliable returns in a high growth Florida market. At the asking price, this building delivers consistent cash flow with verified financials and a clean 6 percent cap rate. Contact us today for the rent roll, expense breakdown, and to schedule a private tour of this high performing asset.
Features
Possible Terms
  1. Cash
  2. Conventional
Appliances
  1. Refrigerator
  2. Microwave
  3. Electric Range
Baths Full
  1. 37
Baths Total
  1. 37
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Multi Units
  3. Separate Meters
  4. Individual
Exterior Features
  1. Balcony
  2. Impact Windows
Flooring
  1. Tile
  2. Vinyl
Furnished
  1. Unfurnished
Heating
  1. Central
  2. Electric
Legal Description
  1. W 1/2 OF LOT 2 BLK 8 EAST DAYTONA PER OR 3955 PG 0204 PER DC 5413 PG 4838 PER OR 5413 PGS 4869-4872 INC PER OR 6008 PGS 3152-3153 PER OR 6633 PG 2945 PER OR 6773 PG 2513
Lot Features
  1. Sprinklers In Front
Owner Pays
  1. Cable TV
  2. Common Area Maintenance
  3. Exterior Maintenance
  4. Pest Control
  5. Water
Parcel Number
  1. 5305-01-08-0023
Parking Features
  1. Off Street
Property Type
  1. Residential Income
Road Frontage Type
  1. City Street
Roof
  1. Membrane
  2. Other
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Tenant Pays
  1. Cable TV
  2. Electricity
Utilities
  1. Electricity Connected
  2. Sewer Connected
  3. Water Connected
Views
  1. 535
Water Source
  1. Public
Year Built
  1. 1963