South Daytona Apartments — Sale in South Daytona, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: South Daytona, FL 32119

Photos

South Daytona Apartments — Sale in South Daytona, FL, photo 1 of 8
South Daytona Apartments — Sale in South Daytona, FL, photo 2 of 8
South Daytona Apartments — Sale in South Daytona, FL, photo 3 of 8
South Daytona Apartments — Sale in South Daytona, FL, photo 4 of 8
South Daytona Apartments — Sale in South Daytona, FL, photo 5 of 8
South Daytona Apartments — Sale in South Daytona, FL, photo 6 of 8
South Daytona Apartments — Sale in South Daytona, FL, photo 7 of 8
South Daytona Apartments — Sale in South Daytona, FL, photo 8 of 8

Description

A 57-unit multifamily community in South Daytona, FL. Upside from burning off loss-to-lease: Trailing 3-month loss-to-lease is $69,060 a year, or 7.3% of gross potential rent. Much of that can be captured through normal lease renewals and turnover, with no capital spent Investment Highlights: • Upside from burning off loss-to-lease: Trailing 3-month loss-to-lease is $69,060 a year, or 7.3% of gross potential rent. Much of that can be captured through normal lease renewals and turnover, with • Value-add runway on 57 units: 17 units are unrenovated and 40 are only partially renovated. Two-bedroom rents of $1,250–$1,413 also sit well below the market average • Utility reimbursement upside: Ownership currently pays water, sewer and trash, including $91,821 a year in water and sewer alone, about $134/unit/month. Several nearby comps already bill these utiliti • Large, two-bedroom-weighted floor plans: 75% of units are two-bedrooms (938–1,010 SF). The 916 SF average unit is larger than 7 of the 10 rent comps, which appeals to roommates and families • Durable construction with replaced roofs: The buildings are concrete block with copper wiring and central HVAC, and the roofs were replaced in within the last 10 years. Both help with insurability and reduce near-term capital needs • Infill South Daytona location: The property is 0.2 miles from US-1 (31,000 VPD), a few blocks from the Halifax River, and 5.2 miles from Daytona Beach International Airport and Embry-Riddle • Healthcare and education job base: Education and health services is the metro's largest employment sector, with 47,500 jobs, and it added the most jobs in the year to Q2 2025 (+1,300, or 2.8%). AdventHealth, Halifax Health and Embry-Riddle are among the six largest employers. • Regional highway access: Located less than 6 miles from major interstates I-95 and I-4, widening the employment base beyond Volusia County for tenants

Market Context

This multifamily in South Daytona, FL is listed for sale. Compare it against other multifamily listings for sale in South Daytona, FL — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in Florida