205 Shady Place, Daytona Beach, FL 32114
- $449,900
- 4
- BD
- 4
- BA
- 1,080
- SqFt
- List Price
- $449,900
- Status
- Active
- Days on Market
- 1
- MLS#
- NS1089438
- Property Style
- Single Family
- Year Built
- 1950
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 1,080
- Price per sq. ft.
- 416.57
- Lot Size
- 5,000
- Acres
- 0.11
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Rowladers Add 03 Daytona
- MLS Area Major
- Daytona Beach
Property Description
INVESTMENT OPPORTUNITY! Four-unit multifamily property at 205 Shady Pl in Daytona Beach offering immediate income and meaningful value-add potential. All four units are fully leased and secured by longtime leases, providing an established and stable rental history. The property generates a 5.45 CAP under current market conditions. For investors looking to increase returns, the property offers several opportunities for future income growth. Rents can potentially be increased toward current market levels, while the electrical service can be separated and individually metered for each unit, creating an opportunity to reduce owner-paid expenses. These improvements, combined with the existing rental income, provide an attractive value-add investment strategy. With four occupied units, established tenancy, existing cash flow, and multiple avenues for improving the property's financial performance, this property is well suited for both experienced multifamily investors and those looking to expand their rental portfolio. Convenient Daytona Beach location adds to the property's long-term investment appeal. Buyer to verify all measurements, zoning, utility configurations, leases, expenses, and financial information.
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Additional Information
- Taxes
- $5569
- Minimum Lease Period
- 6 Months
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Zoning
- MFR
- Interior Features
- Other
- Floor
- Vinyl
- Appliances
- Range, Refrigerator
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Heating
- Other
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- HardiPlank Type
- Exterior Features
- None
- Roof
- Shingle
- Foundation
- Stem Wall
- Pool
- No Pool
- Flood Zone Code
- X500
- Parcel ID
- 5339-64-00-0390
- Legal Description
- LOT 39 ROWLADERS 3RD ADD DAYTONA MB 4 PG 179 PER OR 4700 PG 3314 PER OR 6065 PG 1980 PER OR 6153 PGS 0444-0447 INC PER OR 6367 PGS 4453-4455 INC PER OR 6691 PG 3230 PER OR 7262 PG 4068 PER OR 7513 PG 2310 PER OR 7694 PG 1933 PER OR 7764 PG 1433 PER O R 784
Listing courtesy of COMPASS FLORIDA LLC. 407-203-9441
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