601 State Ave - Apartments FOR SALE


Daytona Beach, FL 32117- Greater Daytona
$960,000 USD
321-388-4394
601 State Ave, Daytona Beach, FL for Sale
$960,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

601 State Ave
Daytona Beach, FL 32117
Greater Daytona


HIGHLIGHTS

  • Value-Add Potential: Current average rents of $836/unit with market rents exceeding $1,100/unit, offering immediate upside.
  • Unit Mix: Comprises 3 two-bedroom, one-bath units and 5 one-bedroom, one-bath units, totaling 5,194 SF.
  • Well-Located Asset: Situated in the heart of Daytona Beach, close to major roads, job centers, and local amenities.

OVERVIEW

The Apartment Brokers proudly present Crosscreek Apartments, an 8-unit multifamily investment located at 601 State Ave, Daytona Beach, Florida. Built in 1973, the property spans 5,194 square feet on a 0.14-acre lot, offering a turnkey opportunity with immediate upside potential through rental increases. The unit mix includes three 2-bedroom/1-bath units and five 1-bedroom/1-bath units, catering to a wide range of renter profiles. All units are equipped with central air conditioning and separately metered electric, while the landlord is responsible for city water, sewer, and trash services. The property is constructed with block exterior walls on slab foundations, ensuring long-term durability and reduced maintenance. Strategically located in the heart of Daytona Beach, the property is surrounded by major thoroughfares, employment centers, and coastal amenities, making it a desirable location for tenants and a promising value-add opportunity for investors.

FOR SALE DETAILS

PRICE

$960,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

8

PRICE/UNIT

$120,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,717 SF

ZONING

09R7

APN/PARCEL ID

5337-01-00-0760

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 Policy.