16 S Grandview Ave, Daytona Beach, FL 32118
- 7-unit multifamily property
- Unit mix:
- (3) 1 bed | 1 bath
- (3) Studio units
- (1) 2 bed | 1 bath
- Not in a flood zone (Zone X)
Purchase Price: $660,000
Current Monthly Rent: ~$6,250
Current Rent Roll:
- Unit 1 (1/1): $900
- Unit 2 (1/1): $850
- Unit 3 (1/1): $1,030
- Unit 4 (Studio): $720
- Unit 5 (Studio): $850
- Unit 6 (Studio): $900
- Unit 7 (2/1): $1,000
Key investment highlights:
- Fully stabilized with long-term tenants already in place
- Active leases with 6 to 12 months remaining and strong renewal interest
- Roof replaced in 2018
- Solid mechanical systems
- On-site parking and shared patio area
- High and Dry X flood zone designation
- Bonus storage building offers potential to convert back into an additional income-producing unit (buyer to verify)
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