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886 S Nova Rd
Daytona Beach, FL 32114
Palm Cove Apartments · Multifamily Property For Sale
·
82 Units
Investment Highlights
- 82-Unit Multifamily Community Located in Daytona Beach, FL
- Property Received Over $3.3M ($40k Per Unit) in Capital Improvements in Past Two Years and 100% of Units Have New AC Units
- Community Amenities Currently Include an On-Site Leasing Office and Laundry Center
- Turn-Key Opportunity at 98% Occupancy with $120 in Immediate Rental Upside Proven by Comps in Immediate Area
- Over $40,000 in Additional Annual Revenue Potential Through Implementing RUBS Program, Valet Trash, and Monetizing Storage Units
- Opportunity to Improve Amenity Set with Ample Space in Existing Courtyard for Swimming Pool, BBQ Area, Playground, Pet Park, Etc.
Property Facts
| No. Units | 82 | Building Size | 63,750 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1966/1990 |
| Building Class | C | Parking Ratio | 2.04/1,000 SF |
| Lot Size | 4.40 AC | ||
| Zoning | 02R2B | ||
| No. Units | 82 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.40 AC |
| Building Size | 63,750 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/1990 |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | 02R2B |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Oven
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Wi-Fi
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 450 |
| 1+1 | 25 | - | 500 - 675 |
| 2+1 | 56 | - | 870 |
Property Taxes
| Parcel Number | 5339-03-80-0011 | Improvements Assessment | $2,582,440 |
| Land Assessment | $1,640,000 | Total Assessment | $4,222,440 |
Property Taxes
Parcel Number
5339-03-80-0011
Land Assessment
$1,640,000
Improvements Assessment
$2,582,440
Total Assessment
$4,222,440
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