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Golfview Villas 700-740 Northern Rd 21 Unit Apartment Building $2,400,000 ($114,286/Unit) 6.69% Cap Rate Daytona Beach, FL 32119
INVESTMENT HIGHLIGHTS
- The property has been meticulously maintained and operated by the same owner since 1999
- Concrete block construction
- Upside opportunity through the burning off of loss-to-lease and completing the unit renovations
EXECUTIVE SUMMARY
Golfview Villas is a 21 unit, garden-style property. Golfview is located in a quiet residential neighborhood and is across the street from the Daytona Beach Golf Club and just minutes from some of Florida’s most famous beaches. The property is situated less than 8 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.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $2,400,000 | Building Class | C |
| Price Per Unit | $114,286 | Lot Size | 1.10 AC |
| Sale Type | Investment | Building Size | 14,823 SF |
| Cap Rate | 6.69% | Average Occupancy | 90% |
| No. Units | 21 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 3.37/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 17R2 - multifamily residential | ||
| Price | $2,400,000 |
| Price Per Unit | $114,286 |
| Sale Type | Investment |
| Cap Rate | 6.69% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 14,823 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 3.37/1,000 SF |
| Zoning | 17R2 - multifamily residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | 700 |
| 2+1 | 3 | - | 741 |
1 1
PROPERTY TAXES
| Parcel Number | 5329-13-19-0010 | Improvements Assessment | $766,285 (2025) |
| Land Assessment | $420,000 (2025) | Total Assessment | $1,186,285 (2025) |
PROPERTY TAXES
Parcel Number
5329-13-19-0010
Land Assessment
$420,000 (2025)
Improvements Assessment
$766,285 (2025)
Total Assessment
$1,186,285 (2025)
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Golfview Villas | 700-740 Northern Rd
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