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115 Kingston Ave 16 Unit Apartment Building $1,600,000 ($100,000/Unit) Daytona Beach, FL 32114
Executive Summary
115 Kingston Ave presents a 16-unit multifamily investment opportunity located in Daytona Beach, Florida, offering investors immediate scale in one of Volusia County’s most active rental markets. The property consists of a well-maintained apartment community with strong in-place occupancy and consistent rental demand. With a diverse unit mix and operational upside, investors have the opportunity to increase revenue through strategic interior upgrades, improved management efficiencies, and continued rental growth.
The asset is ideally positioned near Downtown Daytona Beach, the Halifax River waterfront, and major transportation corridors including US-1, I-95, and I-4, providing convenient access to employment centers, shopping, and the area’s coastal amenities. With its larger unit count, central location, and value-add potential, 115 Kingston Ave represents a compelling opportunity for investors seeking stable cash flow with upside in a growing Central Florida multifamily market.
The asset is ideally positioned near Downtown Daytona Beach, the Halifax River waterfront, and major transportation corridors including US-1, I-95, and I-4, providing convenient access to employment centers, shopping, and the area’s coastal amenities. With its larger unit count, central location, and value-add potential, 115 Kingston Ave represents a compelling opportunity for investors seeking stable cash flow with upside in a growing Central Florida multifamily market.
Property Facts
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $100,000 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 50,000 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.9/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | M-1 | ||
| Price | $1,600,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 50,000 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | M-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Wi-Fi
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5338-01-05-0011 | Improvements Assessment | $659,335 |
| Land Assessment | $320,000 | Total Assessment | $979,335 |
Property Taxes
Parcel Number
5338-01-05-0011
Land Assessment
$320,000
Improvements Assessment
$659,335
Total Assessment
$979,335
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115 Kingston Ave
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