900 S Peninsula Drive

$2,350,000

900 S Peninsula Drive, Daytona Beach, FL 32118

For Sale

Multifamily

Active

Last Updated: 09/20/2024

Details:

Year Built: 1972

Zoning: 0400 - CONDO

Roof: ["Concrete"]

Floor: ["Carpet", "Tile"]

Restrooms: 18

Cooling: []

Description:

Opportunity to acquire 18 units value-add in a 39-unit building under $150 per sq.ft. Currently at 6% 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.
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.