Log In/Sign Up
Your email has been sent.
Kennedy Garden Apartments 1216 Kennedy Rd 20 Unit Apartment Building $2,450,000 ($122,500/Unit) 7% Cap Rate Daytona Beach, FL 32117
Investment Highlights
- All 2 Bed 1 Bath Units
- Roof Replaced in 2019
- On Site Leasing Office
Executive Summary
Welcome to Kennedy Garden Apartments, a 20-unit apartment building in Daytona Beach, FL. This meticulously maintained building offers a lucrative investment with strong rental potential and a desirable unit mix. Each of the 20 units features two bedrooms and one bathroom, offering approximately 900 square feet of living space. The roof of the building was replaced in 2019, ensuring structural integrity and providing peace of mind for both residents and property owners.
There is an on-site leasing office that streamlines tenant interactions, leasing processes, and property management, enhancing the building's operational efficiency. Tenants are responsible for their electricity bills, while the landlord covers water and sewer expenses. With a fully occupied building and competitive rental rates, this property offers a consistent and reliable income stream for investors.
There is an on-site leasing office that streamlines tenant interactions, leasing processes, and property management, enhancing the building's operational efficiency. Tenants are responsible for their electricity bills, while the landlord covers water and sewer expenses. With a fully occupied building and competitive rental rates, this property offers a consistent and reliable income stream for investors.
Property Facts
| Price | $2,450,000 | Building Class | C |
| Price Per Unit | $122,500 | Lot Size | 0.81 AC |
| Sale Type | Investment | Building Size | 20,030 SF |
| Cap Rate | 7% | No. Stories | 2 |
| No. Units | 20 | Year Built | 1974 |
| Property Type | Multifamily | Parking Ratio | 0.99/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RES (Residential) - A land-use regulation that controls how properties can be developed in residential areas. | ||
| Price | $2,450,000 |
| Price Per Unit | $122,500 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 20,030 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 0.99/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RES (Residential) - A land-use regulation that controls how properties can be developed in residential areas. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Heating
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $1,025 | 900 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 4244-01-20-0086 | Improvements Assessment | $927,837 |
| Land Assessment | $400,000 | Total Assessment | $1,327,837 |
Property Taxes
Parcel Number
4244-01-20-0086
Land Assessment
$400,000
Improvements Assessment
$927,837
Total Assessment
$1,327,837
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Kennedy Garden Apartments | 1216 Kennedy Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.