STR 6 Condo Portfolio in DaytonaBeach FL FOR SALE


Daytona Beach, FL - Daytona Beach Shores
$799,000 USD
407-448-4994
, Daytona Beach, FL for Sale
$799,000 USD
FOR SALE
1/20
null | 10.75% Cap Rate

STR 6 Condo Portfolio in DaytonaBeach FL
Daytona Beach, FL
Daytona Beach Shores


HIGHLIGHTS

  • Daytona has year-round appeal with several large events throughout the year.
  • Remodeled units for low maintenance. Fully turnkey furnished.
  • Management in place and can stay, or you can bring in your own.

OVERVIEW

Exclusive Investment Opportunity: Premium Oceanfront Condos in Daytona Beach NOTE: This is for 6 condos spread in 4 different buildings. We are pleased to present a portfolio of luxury oceanfront condos in the heart of Daytona Beach, now available for acquisition. These properties are not only situated in a prime tourist destination but are also fully optimized for short-term rentals through Airbnb. With a strong history of high occupancy rates and impressive rental income, these condos offer a robust addition to any investment portfolio. Each unit is meticulously designed with modern amenities and contemporary interiors that appeal to both leisure and business travelers. The properties are strategically located near Daytona's renowned attractions, including the Daytona International Speedway and the vibrant beachfront, ensuring a steady stream of guests year-round. This offering presents a unique opportunity for brokers to introduce clients to a turnkey investment with substantial revenue potential. The combination of prime real estate, established rental operations, and the booming demand for vacation accommodations in Daytona Beach positions these condos as a high-yield investment. For detailed financials and to schedule a viewing, please contact us directly. Seize the chance to capitalize on this exceptional market opportunity. Note: 2022 Hurricanes Ian and Nicole did extensive damage to Daytona including these building’s seawall’s and pools. This has greatly impacted bookings (inquiries to book are still very high until they find out there’s no pool available). NOTES: - Daytona Beach Club: New pool opened 3/1/25, minor repairs for mileston inspection underway. - Castaways: milestone inspection passed, pool is slated to open in April '25, - Ocean Jewels: passed milestone inspection. has 1 pool open and one under construction - Pirates Cove: pool is under construction. Owners already assessed for repairs called for in milestone inspection. Pro-Forma Gross is 25k/year on the 3 non oceanfront studios, 35k/year on the 2 oceanfront studios and one 1bed oceanview. Condo fees include ALL utilities. You just pay taxes and whatever insurance you choose. Get this turnkey portfolio while prices are depressed from hurricane damage. These units were selling for 1.2m before hurricanes and the buildings will be better than ever after these repairs and upgrades. Investment Highlights Pro-Forma Gross is 25k/year non oceanfront studios, 35k/year oceanfront studio and 1bed oceanview. Condo fees include ALL utilities. You just pay taxes and whatever insurance you choose. Package can also be broken up/sold individually. All are listed in local MLS singly. Listing will be updated as they sell off. Breakdown is in the excel in the DD section.

ASK ABOUT THIS PROPERTY

Andy TolbertHD Realty, Inc.More Info
407-448-4994

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Andy TolbertHD Realty, Inc.More Info
407-448-4994

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