609 Ora St - Apartments FOR SALE


Daytona Beach, FL 32118- Daytona Beach Shores
$729,000 USD
386-999-1762
609 Ora St, Daytona Beach, FL for Sale
$729,000 USD
Apartments - FOR SALE
1/9
null | 5.54% Cap Rate

609 Ora St
Daytona Beach, FL 32118
Daytona Beach Shores


HIGHLIGHTS

  • Six-unit multifamily property in Daytona Beach’s high-demand rental are
  • Comprehensive 2023 renovations including new roof, flooring, and mechanicals
  • Walking distance to the beach, retail, and entertainment destinations
  • On-site parking for tenant convenience
  • Strong investment metrics with NOI of $40,402 and 5.54% cap rate

OVERVIEW

609–611 Ora Street offers a rare opportunity to acquire a six-unit, newly renovated multifamily property in the heart of Daytona Beach, Florida. Since 2023, the property has undergone extensive upgrades including new flooring, electrical systems, fresh paint, modern air conditioning units, water heaters, and a new roof on the front building. Its prime location places residents within walking distance of the beach, shopping, and popular Daytona attractions, ensuring strong tenant appeal. Currently, three units are leased and three are vacant, providing immediate income with room for upside in a high-demand rental market. On-site parking adds convenience for tenants, and the property’s strategic positioning makes it an excellent choice for investors looking to start or expand a rental portfolio. Offered at $729,000, this asset delivers a net operating income of $40,402 and a cap rate of 5.54%, supported by a projected gross income of $74,385 annually. Daytona Beach’s vibrant coastal economy and consistent rental demand make this property a compelling investment for long-term growth.

FOR SALE DETAILS

PRICE

$729,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

6

PRICE/UNIT

$121,500

CAP RATE

5.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey, 6 Unit Multi-Family Property

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,245 SF

ZONING

RP

APN/PARCEL ID

5305-07-00-0100

ASK ABOUT THIS PROPERTY

Michael BaxterSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-999-1762

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Michael BaxterSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-999-1762

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