4 Beds
4 Baths
2,016 SqFt
4 Beds
4 Baths
2,016 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $222
Subdivision Not On The List
MLS Listing ID 1220451
Style Other
Bedrooms 4
Full Baths 4
Year Built 1986
Annual Tax Amount $5,702
Lot Size 8,712 Sqft
Lot Dimensions 0.2
Property Sub-Type Single Family Residence
Source Daytona Beach Area Association of REALTORS®
Property Description
Solid block-construction 4-unit multifamily property featuring four spacious 1-bedroom, 1-bath units with functional open-concept layouts, strong occupancy history, and significant long-term rental upside potential.
The property has maintained consistent occupancy over multiple years and benefits from strong workforce housing demand driven by proximity to Daytona Beach, major employers, shopping, dining, and several nearby colleges and universities.
Recent capital improvements include:
Brand-new roof (2025)
Updated bathroom vanities (2022)
New stoves and refrigerators in Units 1 and 4 (2022)
Situated on a desirable corner lot with additional parking and excellent accessibility, the property offers investors a compelling blend of current income, operational stability, and future NOI growth potential.
Current rents remain materially below prevailing South Daytona market rates, creating a clear value-a rent stabilization opportunity for investors seeking long-term cash flow growth and appreciation potential. Comparable market rents for similar 1-bedroom units in the area suggest meaningful upside through gradual rent normalization over time.
Strong candidate for investors seeking:
*value-add multifamily
*Long-Term Cash FLow
*Potential workforce housing demand
*Future cap-rate improvement through stabilization
*Excellent opportunity to acquire a fully occupied income-producing asset with measurable upside in one of Volusia County's established rental corridors."
*Stable Occupancy
*Rent growth opportunity
*Recent major capital improvements
*South Daytona Rental Market Exposure
Location
State FL
County Volusia
Community Not On The List
Direction From ISB head south on US1 to west on Cypress about 4 blocks is 600 Segrave on SW corner
Interior
Heating Central, Electric, Separate Meters
Cooling Separate Meters
Exterior
Parking Features Additional Parking, Circular Driveway, Guest
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Sewer Not Available
Roof Type Shingle
Garage No
Building
Lot Description Corner Lot
Foundation Block, Slab
Water Public
Architectural Style Other
Structure Type Block,Stucco
New Construction No
Schools
Middle Schools Campbell
High Schools Atlantic
Others
Senior Community No
Tax ID 5339-48-00-0010
Acceptable Financing Assumable, Cash, Conventional, FHA, VA Loan
Listing Terms Assumable, Cash, Conventional, FHA, VA Loan
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