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4955 Orange Blvd 4955 Orange Blvd 12 Unit Apartment Building $1,975,000 ($164,583/Unit) 5.63% Cap Rate Port Orange, FL 32127
Investment Highlights
- 12 - 1 Bed / 1 Bath units with rents currently performing with a clear path to increased income through rent growth.
- Simple, easy to operate asset with no commercial components, no specialized unit mix and no planned near-term capital projects.
- Strong rental demand from local workforce tenants, retirees and coastal commuters.
Executive Summary
4955 Orange Blvd is a 12-unit multifamily investment opportunity located in Port Orange, Florida, one of Volusia County’s most desirable and supply-constrained rental submarkets. The property consists entirely of 1-bed / 1-bath units, a highly liquid unit type supported by strong renter demand from local workforce tenants, retirees, and coastal commuters.
The asset is currently operating with stable occupancy and a proven rent roll, while offering meaningful mark-to-market rent upside without requiring near-term capital expenditures. With tenant-paid water and sewer, normalized expenses, and no deferred maintenance identified, the property provides investors with day-one income and long-term growth potential.
The asset is currently operating with stable occupancy and a proven rent roll, while offering meaningful mark-to-market rent upside without requiring near-term capital expenditures. With tenant-paid water and sewer, normalized expenses, and no deferred maintenance identified, the property provides investors with day-one income and long-term growth potential.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 644 |
Property Taxes
| Parcel Number | 6310-12-15-0140 | Improvements Assessment | $632,180 |
| Land Assessment | $240,000 | Total Assessment | $872,180 |
Property Taxes
Parcel Number
6310-12-15-0140
Land Assessment
$240,000
Improvements Assessment
$632,180
Total Assessment
$872,180
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4955 Orange Blvd | 4955 Orange Blvd
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