500 Jimmy Ann Dr | Daytona Beach, FL 32114
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500 Jimmy Ann Dr
Daytona Beach, FL 32114
Lake Forest · Multifamily Property For Sale
·
384 Units
INVESTMENT HIGHLIGHTS
- Class “B” Multifamily Community in a Prime Central Location of Daytona Beach
- ?Significant Value-Add Potential Through Renovations on Mostly Unrenovated Units
- Large Potential to Boost Ancillary Income; Strong Organic Rent Growth Taking Place in Submarket
- Rare Repositioning Opportunity to Terminate Affordable Restrictions In Six Years Meanwhile Achieving Strong Upside in the Near-Term
- Close Proximity to the Best of Daytona Beach; ?Desirable Unit Mix with Some of the Largest Unit Sizes
- Substantial Amenity Package with Ability to Add Both Indoor and Outdoor Resident Attractions
PROPERTY FACTS
| No. Units | 384 | Lot Size | 32.92 AC |
| Property Type | Multifamily | Building Size | 321,912 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | B | Year Built | 1985 |
| Zoning | 02R2A | ||
| No. Units | 384 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 32.92 AC |
| Building Size | 321,912 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1985 |
| Zoning | 02R2A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer Hookup
- Ceiling Fans
- Ice Maker
- Walk-In Closets
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Package Service
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 224 | - | 595 - 770 |
| 2+1 | 64 | - | 915 |
| 2+2 | 72 | - | 970 - 1,140 |
| 3+2 | 24 | - | 1,360 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $16,816,098 | |
| Land Assessment | $7,680,000 | Total Assessment | $24,496,098 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$7,680,000
Improvements Assessment
$16,816,098
Total Assessment
$24,496,098
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