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… Read More 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. Read Less
Courtesy of COMPASS FLORIDA LLC 407-203-9441
Listing Snapshot
Days Online
12
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
4
Square Ft.
1,080
Lot Size
0.11 Acres
Year Built
1950
MLS Number
NS1089438
Additional Details
Property Access
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Appliances & Equipment
Range, Refrigerator, Other equipment: None
Building
Built in 1950, Living area: 1080, Living area units: Square Feet, Building faces North, 2 stories, Levels: Two, Construction Materials: HardiPlank Type
Cooling
Wall/Window Unit(s)
Exterior Features
None
Floors
Vinyl
Foundation
Stem Wall
Lot
0.11 acres, Dimensions: 50x100
Property
Completed
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 5339-64-00-0390, Public Survey Range: 33E, Public Survey Section: 39, Annual Amount: $5,569.89, Tax Block: 00, Tax Book Number: 4-149, Legal Description: LOT 39 ROWLADERS 3RD ADD DAYTONA MB 4 PG 179 PER OR 4700 PG 3314 PER OR 6065 PG 1980 PER OR 6153 PGS 0444-0447 INC PER OR 6367 PGS 4453-4455 INC PER OR 6691 PG 3230 PER OR 7262 PG 4068 PER OR 7513 PG 2310 PER OR 7694 PG 1933 PER OR 7764 PG 1433 PER O R 784, Lot: 39, Year: 2025, Zoning: MFR
Utilities
Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
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