516 PHOENIX AVE, DAYTONA BEACH, FL, 32118
$650,000
Residential Income
Bedrooms
7
Bathrooms
6
Living Area
2,888 Sqft
Lot Size
6,480 Sqft
Income-Producing 6-Unit Apartment Building Just Steps from Daytona Beach! Prime Location – Walk to Ocean, Bridge & Boardwalk | $8,100 Potential Monthly Income | Cash Buyers Only | This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Key Features: • Location, Location, Location: • Unbeatable Location: • Less than a block from Daytona Beach • 1 block from the newly built Veterans Memorial Bridge (Orange Ave Bridge) • 1 mile from the famous Daytona Beach Boardwalk • Enjoy the beach and breathtaking ocean views just steps away This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Property Highlights: • 6 Units | 9 Beds | 6 Baths • 5 of 6 units currently rented • Coin-operated shared laundry on-site • Mixed unit types including: o One 2 Bed / 1 Bath with full layout o Two 2 Bed / 1 Bath units with two entrances (no living rooms – ideal for roommates or flexible rentals) o Two studio units o One 1 Bed / 1 Bath unit ?? Financial Overview: • Gross potential monthly income: $8,100 • Tenants pay their own electric • No landlord cost for trash or common electricity • Owner pays approx. $350/month for water & gas (shared hot water heater) ??? Condition & Opportunity: • Two units fully renovated • Four units need updating • Property has its own parking lot with 8 spaces • Property was tented in 2020 for termites • New roof needed (no current leaks) • Ideal for investors or contractors — priced with improvements in mind • Cash buyers only due to condition Location Perks: • Less than 1 block to Daytona Beach • 1 block from Veterans Memorial Bridge • 1 mile to Daytona Beach Boardwalk • Ocean views just a minute's walk away Don't miss this excellent chance to invest in an appreciating coastal market with huge upside potential!
Property Details
Property Features Property Features
MLS ID: MFRO6296060 Year Built: 1935
Construction Materials: Block Cooling: Ductless
Country: US County Or Parish: Volusia
Exterior Features: Other Foundation Details: Slab
Heating: Electric Laundry Features: Common Area
Levels: Two Listing Agreement: Exclusive Right To Sell
Property Sub Type: Multi Family Property Type: Residential Income
Road Surface Type: Asphalt Roof: Shingle
Sewer: Public Sewer Showing Requirements: ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Electricity Connected
Water Source: Public
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