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Kona Kai Apartments 19 Hollywood ave 14 Unit Apartment Building $1,850,000 ($132,143/Unit) Daytona Beach, FL 32118
Investment Highlights
- New roofs in 2020 & 2021 for all 3 buildings.
- Unit mix includes: 5 studios, 3 (one bedrooms), 4 (two bedrooms), and 1 (3 bedroom).
- All tenants are current on their rent (no accounts receivable).
Executive Summary
Presenting a prime investment opportunity, this beachside multifamily property comprises 14 units. With a desirable Daytona Beach location and a history of high occupancy, this property offers stability and potential for a prospective investor. Recent upgrades include new roofs installed in 2020 and 2021 across all 3 buildings, ensuring low maintenance costs. Additionally, all tenants are current on their rent, eliminating accounts receivable concerns. This low-rise/garden-style property represents a lucrative and attractive investment with a strong historical performance and significant potential for future growth.
Property Facts
| Price | $1,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $132,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 14 | Building Size | 5,636 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1939 |
| Zoning | R - Residential | ||
| Price | $1,850,000 |
| Price Per Unit | $132,143 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,636 SF |
| No. Stories | 1 |
| Year Built | 1939 |
| Zoning | R - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
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Kona Kai Apartments | 19 Hollywood ave
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