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1400 Hancock Blvd
Daytona Beach, FL 32114
The Park at Via Teano · Multifamily Property For Sale
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208 Units
Investment Highlights
- Attractive 208-Unit Value-Add Community in a Class “B” Submarket of Daytona Beach, FL
- Significant Value-Add Opportunity to Renovate 100% of Units, Capture Over 5% Loss-to-Lease and Increase Effective Rents by $280
- Favorable Unit Mix & Floor Plans;Desirable Amenity Package with Ability to Enhance
- Strong Property Performance Over the Last Year; Over $1.9 Million in Property-Wide Capital Improvements in the Last Six Years
- The Daytona Beach Submarket Is Continuing to Experience Positive Rental Growth
- Additional Ancillary Income Potential of Over $300k
Property Facts
| No. Units | 208 | Lot Size | 15.85 AC |
| Property Type | Multifamily | Building Size | 157,764 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1985/2016 |
| Zoning | MF - Multi-Family | ||
| No. Units | 208 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 15.85 AC |
| Building Size | 157,764 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2016 |
| Zoning | MF - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Tennis Court
- Package Service
- Racquetball Court
- Storage Space
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 128 | - | 700 |
| 2+2 | 80 | - | 900 |
Property Taxes
| Parcel Number | 5330-09-00-0040 | Improvements Assessment | $16,232,781 |
| Land Assessment | $4,160,000 | Total Assessment | $20,392,781 |
Property Taxes
Parcel Number
5330-09-00-0040
Land Assessment
$4,160,000
Improvements Assessment
$16,232,781
Total Assessment
$20,392,781
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