1100 E 3rd Ave - Apartments FOR SALE


New Smyrna Beach, FL 32169
$3,900,000 USD
407-694-0450
1100 E 3rd Ave, New Smyrna Beach, FL for Sale
$3,900,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1100 E 3rd Ave
New Smyrna Beach, FL 32169


OVERVIEW

Premier Oceanfront Short-Term Vacation Rental Property Angel Inn the Sand is a rare, direct oceanfront fourplex located on the Atlantic Ocean in highly desirable New Smyrna Beach. Spanning approximately 5,000 square feet, this fully operational short-term rental property features four nearly identical apartment-style units—each offering 2 bedrooms, 2 bathrooms, over 1,200 sq ft of interior space, and direct ocean views. Each unit is well maintained, fully furnished, and equipped to operate as a turnkey rental. The property accommodates up to 24 guests in total and has maintained high year-round occupancy over the last five years. Future bookings are secured through 2025, 2026 and 2027. Capital Improvements Include: • Hurricane-impact doors and windows (2014) • Roof Replacement (2014) • Stucco enhancements and exterior paint (2024) • Upper-level oceanfront deck upgrade & repairs (2022) • New soffits and gutter system (2024) • Updated furnishings, hotel-grade linens, and operational supplies (on-going) Included in the sale are FDEP Permit & stamped engineering plans for a future rock revetment seawall and deck rebuild, aligned with adjacent coastal properties. (Work eligible to begin post-turtle nesting season 2025.) Each unit includes a fully stocked kitchen, BBQ, beach chairs, towels, and outdoor furniture. The sale includes all furnishings, operational equipment, and business assets (some personal effects do not convey), along with 12+ years of rental history, proprietary marketing materials, and a branded website that drives over half of the bookings directly. Angel Inn the Sand is recognized as a Superhost on Airbnb and a Premier Host on VRBO, consistently earning near-perfect 5-star reviews across all platforms. Google and TripAdvisor also reflect the property's strong reputation. This is a rare oceanfront fourplex in New Smyrna Beach, offering great income potential, operational ease, and long-term asset appreciation in one of Florida’s most sought-after beach markets. Less than 1 mile from historic Flagler Avenue — shops, restaurants, and entertainment are steps away! Owner is willing to work with new owner on a contract basis for a period of 1-year if desired to keep business as usual. Realtor owned.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$780 USD /SF

# OF UNITS

4

PRICE/UNIT

$975,000

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Angel Inn The Sand

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,502 SF

ZONING

10R6

APN/PARCEL ID

7415-04-03-0060

ASK ABOUT THIS PROPERTY

Teresa CorbettKincaid RealtyMore Info
407-694-0450

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Teresa CorbettKincaid RealtyMore Info
407-694-0450

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.