Property Description:
Here’s an investment opportunity in Daytona Beach that stands out from the typical multifamily offerings. You’re looking at two separate block houses on a single parcel, strategically positioned between the Halifax River and the Atlantic, with proven rental potential of $4,500/month ($2,500 front, $2,000 back). That being said, the property is zoned for a triplex and could relatively easily be converted to a triplex, but adding a kitchenette in the upstairs unit. The property is also not in a flood zone.
The front house (4 bed/3 bath) has been fully renovated and is ready for immediate tenant placement. It features a new AC system and requires zero additional investment. The back house (3 bed/2 bath) is nearly tenant-ready, equipped with split AC units throughout. While it needs appliances and could benefit from optional bathroom updates, it’s perfectly rentable as-is.