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640 8th St
Holly Hill, FL 32117
Regents Park · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- The unit mix consists of a combination of 2/1s, 2/1.5s and 2/2s
- Immediate upside through the re-stabilization of the property after five units were purposely vacated
- Can be purchased in conjunction with Golfview Apartments – 21 units in South Daytona
- The property has a long history of strong tenant retention
- Nearly 80% of the units have been partially or fully renovated
EXECUTIVE SUMMARY
Regents Park is a “B” class, 32-unit, two-story property. The property has been meticulously maintained and operated by the same owner since 1998. Regents is located in a quiet residential area, but just minutes from the two main thoroughfares that run through Daytona, Nova Road and US Highway 1. The property is situated less than six miles from the Tanger Outlets, Volusia Mall, Embry-Riddle Aeronautical University, Daytona International Speedway, Daytona Beach International Airport, and numerous other retail, entertainment and employment opportunities.
PROPERTY FACTS
| Price Per Unit | $134,375 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.41% | Lot Size | 1.68 AC |
| No. Units | 32 | Building Size | 28,798 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1986 |
| Zoning | 0300–MFR OVER 10 UNITS | ||
| Price Per Unit | $134,375 |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 28,798 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Zoning | 0300–MFR OVER 10 UNITS |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Security System
- Basketball Court
- Grill
- Trash Pickup - Door to Door
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | 800 - 878 |
| 2+1.5 | 20 | - | 877 - 878 |
| 2+2 | 10 | - | 878 |
PROPERTY TAXES
| Parcel Number | 4244-01-07-0125 | Improvements Assessment | $1,319,290 |
| Land Assessment | $640,000 | Total Assessment | $1,959,290 |
PROPERTY TAXES
Parcel Number
4244-01-07-0125
Land Assessment
$640,000
Improvements Assessment
$1,319,290
Total Assessment
$1,959,290
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