205 SHADY PL, DAYTONA BEACH, FL, 32114
$449,900
Residential
Bedrooms
4
Bathrooms
4
Living Area
1,080 Sqft
Lot Size
5,000 Sqft
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.
Property Details
Property Features Property Features
MLS ID: MFRNS1089438 Year Built: 1950
Appliances: Range, Refrigerator Construction Materials: HardiPlank Type
Cooling: Wall/Window Unit(s) Country: US
County Or Parish: Volusia Direction Faces: North
Exterior Features: None Flooring: Vinyl
Foundation Details: Stem Wall Furnished: Unfurnished
Heating: Other Laundry Features: Other
Levels: Two Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant Other Equipment: None
Property Condition: Completed Property Sub Type: Single Family Residence
Property Type: Residential Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt Roof: Shingle
Sewer: Public Sewer Showing Requirements: Appointment Only
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Electricity Connected, Sewer Connected, Water Connected
Water Source: Public
Rooms Rooms
Primary Bedroom: Bathroom 2:
Kitchen: Living Room:
Kitchen: Great Room:
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