Turnkey, 6 Unit Multi-Family Property 609 Ora St 6 Unit Apartment Building $729,000 ($121,500/Unit) 5.54% Cap Rate Daytona Beach, FL 32118

609–611 Ora Street offers a rare opportunity to acquire a six-unit, newly renovated multifamily property in the heart of Daytona Beach, Florida. Since 2023, the property has undergone extensive upgrades including new flooring, electrical systems, fresh paint, modern air conditioning units, water heaters, and a new roof on the front building. Its prime location places residents within walking distance of the beach, shopping, and popular Daytona attractions, ensuring strong tenant appeal.
Currently, three units are leased and three are vacant, providing immediate income with room for upside in a high-demand rental market. On-site parking adds convenience for tenants, and the property’s strategic positioning makes it an excellent choice for investors looking to start or expand a rental portfolio. Offered at $729,000, this asset delivers a net operating income of $40,402 and a cap rate of 5.54%, supported by a projected gross income of $74,385 annually. Daytona Beach’s vibrant coastal economy and consistent rental demand make this property a compelling investment for long-term growth.