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Investment Highlights

  • All 2 Bedroom 1.5 Bathroom Units
  • Two Story Floorplans
  • In Unit Washer Dryer

Executive Summary

2322 S Palmetto Avenue presents a rare opportunity to acquire a fully renovated 15-unit townhouse-style apartment community in South Daytona, Florida. The property consists of three buildings with five units each, offering an attractive and highly desirable 2 Bedroom / 1.5 Bathroom townhouse layout.
Each unit features spacious two-story floorplans, private entrances, and in-unit washer and dryer, providing a strong competitive advantage over typical garden-style apartments. Units have been extensively renovated with updated kitchens, flooring, fixtures, and interior finishes, creating a turnkey investment opportunity with minimal near-term capital expenditures.

Property Facts

Price $2,800,000
Price Per Unit $186,667
Sale Type Investment
Cap Rate 7%
No. Units 15
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Manufactured Housing Mobile Home Park
  • Office Office Residential
Apartment Style Townhome
Building Class C
Lot Size 0.65 AC
Building Size 17,368 SF
No. Stories 2
Year Built/Renovated 1970/2023
Parking Ratio 1.44/1,000 SF
Opportunity Zone Yes
Zoning R-3

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1.5 15 - 960
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
5344-11-00-0260
Land Assessment
$300,000
Improvements Assessment
$1,429,521
Total Assessment
$1,729,521
  • Listing ID: 40666528

  • Date on Market: 5/26/2026

  • Last Updated:

  • Address: 2322 S Palmetto Ave, Daytona Beach, FL 32119

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