2322 S Palmetto Ave - Apartments FOR SALE


Daytona Beach, FL 32119- Greater Daytona
$2,800,000 USD
321-388-4394
2322 S Palmetto Ave, Daytona Beach, FL for Sale
$2,800,000 USD
Apartments - FOR SALE
1/5
null | 7% Cap Rate

2322 S Palmetto Ave
Daytona Beach, FL 32119
Greater Daytona


HIGHLIGHTS

  • All 2 Bedroom 1.5 Bathroom Units
  • In Unit Washer Dryer
  • Two Story Floorplans

OVERVIEW

2322 S Palmetto Avenue presents a rare opportunity to acquire a fully renovated 15-unit townhouse-style apartment community in South Daytona, Florida. The property consists of three buildings with five units each, offering an attractive and highly desirable 2 Bedroom / 1.5 Bathroom townhouse layout. Each unit features spacious two-story floorplans, private entrances, and in-unit washer and dryer, providing a strong competitive advantage over typical garden-style apartments. Units have been extensively renovated with updated kitchens, flooring, fixtures, and interior finishes, creating a turnkey investment opportunity with minimal near-term capital expenditures.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

15

PRICE/UNIT

$186,667

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palmetto Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Manufactured Housing/Mobile Housing, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,360 SF

ZONING

R-3

APN/PARCEL ID

5344-11-00-0260

ASK ABOUT THIS PROPERTY

Johnny PullmanThe APT Brokers.comMore Info
321-388-4394

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Johnny PullmanThe APT Brokers.comMore Info
321-388-4394

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