Apartments Of University University Boluvard 6 Unit Apartment Building $950,000 ($158,333/Unit) 6.67% Cap Rate Daytona Beach, FL 32118

?? Off-Market Multifamily Investment Opportunity – Daytona Beach, FL
Turnkey Income-Producing Property with Significant Rental Upside
Presenting a well-maintained multifamily asset in a highly desirable area of Daytona Beach, minutes from top universities, healthcare hubs, shopping, and the beach. This stabilized property offers immediate cash flow with strong value-add potential through rental rate adjustments.
?? Property Highlights:
Current Gross Scheduled Rent: $7,100/month ($85,200 annually)
Net Operating Income: Approx. $63,400/year
GRM: ~10.56
Cap Rate: ~7.0%
Currently Under-Rented:
Market Rents: Approx. $1,800/month for 1-bed units
Market Rents: Approx. $2,300/month for 2-bed units
After Improvements:
With light renovations and repositioning, potential gross rents could reach up to $11,000–$12,000/month, resulting in an annual income of $132,000–$144,000, significantly increasing NOI and asset value.
Low Operating Expenses: Annual tax ~$5,704, water ~$360
Prime location walking distance to the Atlantic Ocean
Easy access to the world's most famous beach, Daytona Beach, Shopping, Entertainment, Public Transportation, School, and much more
?? Investment Profile:
Perfect for value-add buyers, 1031 exchange investors, or out-of-area investors seeking a solid foothold in a fast-growing Florida market.
Serious inquiries only. Detailed rent roll, photos, and financials available with signed NDA.
Listed Confidentially By:
Terry Sitaram
Realty Pros Commercial
140 S Atlantic Ave, Ormond Beach, FL 32174