Address: 212 Madison Avenue, DAYTONA BEACH, FL 32114
Description
An outstanding opportunity to acquire a stabilized, income producing 20 unit multifamily portfolio located in the heart of Daytona Beach. This well maintained collection of properties204, 208, 210, 212, and 214 Madison Avedelivers exceptional performance with a net operating income (NOI) of $238,613 and a strong 8.8 cap rate.
The portfolio is currently 19/20 units occupied, with only one vacant unit, offering immediate and consistent rental income. The properties are professionally managed and maintained, supported by a reliable tenant base combined with federal housing that provides stable, long term cash flow.
Situated minutes from Daytona Beach International Airport, Daytona International Speedway, and the revitalized downtown corridor, this investment benefits from strong local rental demand and continued market appreciation. The central location provides convenient access to shopping, employment centers, and the areas world famous beaches, making it highly desirable for tenants.
Offering both scale and stability, this 20 unit portfolio represents a rare opportunity to acquire a high performing multifamily asset in one of Floridas most dynamic and fast growing coastal markets. Investors seeking dependable returns with long term upside potential.
An outstanding opportunity to acquire a stabilized, income producing 20 unit multifamily portfolio located in the heart of Daytona Beach. This well maintained collection of properties204, 208, 210, 212, and 214 Madison Avedelivers exceptional performance with a net operating income (NOI) of $238,613 and a strong 8.8 cap rate.
The portfolio is currently 19/20 units occupied, with only one vacant unit, offering immediate and consistent rental income. The properties are professionally managed and maintained, supported by a reliable tenant base combined with federal housing that provides stable, long term cash flow.
Situated minutes from Daytona Beach International Airport, Daytona International Speedway, and the revitalized downtown corridor, this investment benefits from strong local rental demand and continued market appreciation. The central location provides convenient access to shopping, employment centers, and the areas world famous beaches, making it highly desirable for tenants.
Offering both scale and stability, this 20 unit portfolio represents a rare opportunity to acquire a high performing multifamily asset in one of Floridas most dynamic and fast growing coastal markets. Investors seeking dependable returns with long term upside potential.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Other
Living Area: 10718.00
Roof: Other, Shingle
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Wall/Window Unit(s)
Heating: Ductless
Sewer: Public Sewer
Utilities: Public
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Country: US
Interior Features: Other
Legal Description: W 100 FT OF S 1/2 OF LOT 4 & LOT 5 EXC N 82 FT OF E 45 FT & S 18 FT OF E 50 FT & INC W 150 FT OF LOT 6 & LOT 7 BLK 8 KINGSTON MB 3 PG 95 PER OR 5112 PGS 1762 & 1763 PER OR 5516 PG 1515-1516 PER OR 8058 PG 1696
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