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601 State Ave 8 Unit Apartment Building $899,000 ($112,375/Unit) Daytona Beach, FL 32117
INVESTMENT HIGHLIGHTS
- Value-Add Potential: Current average rents of $836/unit with market rents exceeding $1,100/unit, offering immediate upside.
- Well-Located Asset: Situated in the heart of Daytona Beach, close to major roads, job centers, and local amenities.
- Unit Mix: Comprises 3 two-bedroom, one-bath units and 5 one-bedroom, one-bath units, totaling 5,194 SF.
EXECUTIVE SUMMARY
The Apartment Brokers proudly present Crosscreek Apartments, an 8-unit multifamily investment located at 601 State Ave, Daytona Beach, Florida. Built in 1973, the property spans 5,194 square feet on a 0.14-acre lot, offering a turnkey opportunity with immediate upside potential through rental increases.
The unit mix includes three 2-bedroom/1-bath units and five 1-bedroom/1-bath units, catering to a wide range of renter profiles. All units are equipped with central air conditioning and separately metered electric, while the landlord is responsible for city water, sewer, and trash services. The property is constructed with block exterior walls on slab foundations, ensuring long-term durability and reduced maintenance.
Strategically located in the heart of Daytona Beach, the property is surrounded by major thoroughfares, employment centers, and coastal amenities, making it a desirable location for tenants and a promising value-add opportunity for investors.
The unit mix includes three 2-bedroom/1-bath units and five 1-bedroom/1-bath units, catering to a wide range of renter profiles. All units are equipped with central air conditioning and separately metered electric, while the landlord is responsible for city water, sewer, and trash services. The property is constructed with block exterior walls on slab foundations, ensuring long-term durability and reduced maintenance.
Strategically located in the heart of Daytona Beach, the property is surrounded by major thoroughfares, employment centers, and coastal amenities, making it a desirable location for tenants and a promising value-add opportunity for investors.
PROPERTY FACTS
| Price | $899,000 | Building Class | C |
| Price Per Unit | $112,375 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,840 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 2.92/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | 09R7 | ||
| Price | $899,000 |
| Price Per Unit | $112,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,840 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.92/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 09R7 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 5 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 5337-01-00-0760 | Improvements Assessment | $316,474 |
| Land Assessment | $160,000 | Total Assessment | $476,474 |
PROPERTY TAXES
Parcel Number
5337-01-00-0760
Land Assessment
$160,000
Improvements Assessment
$316,474
Total Assessment
$476,474
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601 State Ave
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