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+13215677992
Landshark Realty
205 Shady Place, Daytona Beach, FL 32114
- $449,900
- 4
- BD
- 4
- BA
- 1,080
- SqFt
- List Price
- $449,900
- MLS#
- NS1089438
- Type
- Single Family Residential
- Property Style
- Single Family
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 1,080
- Lot Size
- 5,000
- Subdivision
- Rowladers Add 03 Daytona
- Year Built
- 1950
Property Description
INVESTMENT OPPORTUNITY! Four-unit multifamily property at 205 Shady Pl in Daytona Beach offering immediate income and meaningful value-add potential. All four units are fully leased and secured by longtime leases, providing an established and stable rental history. The property generates a 5.45 CAP under current market conditions. For investors looking to increase returns, the property offers several opportunities for future income growth. Rents can potentially be increased toward current market levels, while the electrical service can be separated and individually metered for each unit, creating an opportunity to reduce owner-paid expenses. These improvements, combined with the existing rental income, provide an attractive value-add investment strategy. With four occupied units, established tenancy, existing cash flow, and multiple avenues for improving the property's financial performance, this property is well suited for both experienced multifamily investors and those looking to expand their rental portfolio. Convenient Daytona Beach location adds to the property's long-term investment appeal. Buyer to verify all measurements, zoning, utility configurations, leases, expenses, and financial information.
Additional Information
- Community Features
- No Deed Restriction
- Exterior Construction
- HardiPlank Type
- Style
- Two Story
- Interior
- Other
- Interior Features
- Other
- Appliances
- Range, Refrigerator
- Exterior
- None
- Roof
- Shingle
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Floor
- Vinyl
- Heating
- Other
- Cooling
- Wall/Window Unit(s)
- Pool Type
- No Pool
Listing courtesy of COMPASS FLORIDA LLC.
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