Riverside at South Daytona & Whispering Winds — Business for Sale

  • Price: $900K
  • Listing type: For sale
  • Asset type: Business
  • Size: 851 SF

Investment Figures

Price per square foot
$1,058

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Jones Lang LaSalle Americas, Inc. is pleased to present a unique portfolio opportunity featuring two apartment communities in Daytona Beach, Florida - a growth-oriented Sunbelt market positioned for sustained rent expansion. Together, Whispering Winds (20 units) and Riverside at South Daytona (40 units) offer 60 total units combining immediate cash flow with value-add upside. EACH ASSET IS AVAILABLE FOR PURCHASE INDIVIDUALLY OR AS A PORTFOLIO. Located approximately four miles apart, along the Halifax River corridor off US-1, both properties provide convenient access to I-95 and I-4. Located less than one mile west of the Halifax River, Whispering Winds is a 1984 vintage, two-story frame complex offering one- and two-bedroom units ranging from 625-851 SF. Riverside at South Daytona is a 1973 vintage deal featuring stucco-on-block construction in a desirable S Palmetto Avenue location, just one half mile south of Beville Road. Riverside also offers one- and two-bedroom units that are 650 SF and either 800 or 850 SF, respectively. Current ownership has invested over $900,000 in capital improvements across both assets. Riverside received more than $600,000 in comprehensive exterior and interior renovations bringing all units to modern standards, while Whispering Winds benefited from $300,000 in upgrades including roof replacement, vinyl flooring, and fixture improvements in select units. Over the course of their hold, ownership has systematically rebuilt the tenant profile and caliber, establishing an offering of stable cash flow from day one. The differentiated positioning creates a balanced investment strategy. Whispering Winds offers continued value-add opportunity through continuing the implementation of consistent finishes throughout all unit interiors to achieve a cohesive feel across the entire property. Riverside, having completed its heavy lift, delivers immediate premium rents and a fully rebranded property. Both still offer the material enhancement potenti

Market Context

This commercial property is listed for sale at $900,000 across 851 SF. It has been on the market for 3 days. Compare it against other commercial property listings for sale — view the full market.

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