205 Shady PL, Daytona Beach, FL 32114
205 Shady PL, Daytona Beach, FL 32114
205 Shady PL, Daytona Beach, FL 32114
205 Shady PL, Daytona Beach, FL 32114
205 Shady PL, Daytona Beach, FL 32114
205 Shady PL, Daytona Beach, FL 32114
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$ 449,900
Est. payment | /mo

6 Beds

4 Baths

2,160 SqFt

Save
$ 449,900
Est. payment | /mo
Save

6 Beds

4 Baths

2,160 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,160 sqft

Price per Sqft $208

MLS Listing ID 1231704

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1950

Annual Tax Amount $5,569

Acres 0.11

Lot Dimensions 50.0 ft x 100.0 ft

Property Sub-Type Quadruplex

Source Daytona Beach Area Association of REALTORS®

Property Description

INVESTMENT OPPORTUNITY! Four-unit multifamily property at 205 Shady Pl in Daytona Beach offering immediate income and meaningful value-add potential. All four units are fully leased and secured by longtime leases, providing an established and stable rental history. The property generates a 5.45 CAP under current market conditions. For investors looking to increase returns, the property offers several opportunities for future income growth. Rents can potentially be increased toward current market levels, while the electrical service can be separated and individually metered for each unit, creating an opportunity to reduce owner-paid expenses. These improvements, combined with the existing rental income, provide an attractive value-add investment strategy. With four occupied units, established tenancy, existing cash flow, and multiple avenues for improving the property's financial performance, this property is well suited for both experienced multifamily investors and those looking to expand their rental portfolio. Convenient Daytona Beach location adds to the property's long-term investment appeal. Buyer to verify all measurements, zoning, utility configurations, leases, expenses, and financial information.

Location

State FL

County Volusia

Area 32 - Daytona Beville To Isb, E Of 95

Direction From Ridgewood Dr and Beville Rd: Go north on Ridgewood Dr to Shady Place. Turn right. Building is on the right.

Region Daytona Beach

City Region Daytona Beach

Rooms

Primary Bedroom Level Two

Interior

Heating Varies by Unit

Cooling Varies by Unit

Heat Source Varies by Unit

Exterior

Parking Features Off Street, Unassigned

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Road Frontage City Street

Garage No

Building

Lot Description Cleared

Faces North

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Structure Type Fiberglass Siding

New Construction No

Others

Tax ID 5339-64-00-0390

Ownership Owner of Record

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Nathaniel Ingram • Compass Florida, LLC

Schools and Properties Nearby

Derek Hill

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(386) 286-8312

theman@dereksellsflhomes.com

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205 Shady PL