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$6,000,000
Est. payment /mo
40 Baths
33,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 33,000 sqft
Price per Sqft $181
MLS Listing ID 1228957
Year Built 1973
Annual Tax Amount $64,065
Lot Size 0.750 Acres
Lot Dimensions 0.75
Property Sub-Type Multi Family
Source Daytona Beach Area Association of REALTORS®
Property Description
3 PARCELS 3 PROPERTIES: 76 bedroom 40 baths.
Riverside at South Daytona presents a rare opportunity to acquire a fully repositioned, cash-flowing four-building multifamily portfolio in one of Florida's dynamic coastal markets. Located off South Palmetto Avenue in Daytona Beach, this exceptional asset sits within close proximity to the Halifax River corridor, offering residents a waterfront lifestyle with close access to Riverfront Veterans Memorial Park's boat ramps and other recreational amenities. Current ownership has executed a comprehensive capital improvement program that transformed the entire portfolio through exterior enhancements including new monument signage, refreshed paint, updated soffits and gutters, and complete interior renovations across all unit configurations delivering contemporary finishes that command premium rents. The property offers a well-balanced unit mix of one and two-bedroom apartments in a garden-style configuration.
Riverside at South Daytona presents a rare opportunity to acquire a fully repositioned, cash-flowing four-building multifamily portfolio in one of Florida's dynamic coastal markets. Located off South Palmetto Avenue in Daytona Beach, this exceptional asset sits within close proximity to the Halifax River corridor, offering residents a waterfront lifestyle with close access to Riverfront Veterans Memorial Park's boat ramps and other recreational amenities. Current ownership has executed a comprehensive capital improvement program that transformed the entire portfolio through exterior enhancements including new monument signage, refreshed paint, updated soffits and gutters, and complete interior renovations across all unit configurations delivering contemporary finishes that command premium rents. The property offers a well-balanced unit mix of one and two-bedroom apartments in a garden-style configuration.
Location
State FL
County Volusia
Direction From Beville Rd continue to S Palmetto Ave. North .6 Miles for 1160 Palm. and South .5 miles for 1180 Palm. Both West of road.
Exterior
Parking Features Unassigned
Building
Lot Description Other
Structure Type Block,Concrete
Others
Senior Community No
Tax ID 5344-16-00-0431
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Michael And Cindy George
Team Leaders | License ID: BK3026671
Team Leaders License ID: BK3026671