?? Off-Market Multifamily Investment Opportunity – Daytona Beach, FL Turnkey Income-Producing Property with Significant Rental Upside Presenting a well-maintained multifamily asset in a highly desirable area of Daytona Beach, minutes from top universities, healthcare hubs, shopping, and the beach. This stabilized property offers immediate cash flow with strong value-add potential through rental rate adjustments. ?? Property Highlights: Current Gross Scheduled Rent: $7,100/month ($85,200 annually) Net Operating Income: Approx. $63,400/year GRM: ~10.56 Cap Rate: ~7.0% Currently Under-Rented: Market Rents: Approx. $1,800/month for 1-bed units Market Rents: Approx. $2,300/month for 2-bed units After Improvements: With light renovations and repositioning, potential gross rents could reach up to $11,000–$12,000/month, resulting in an annual income of $132,000–$144,000, significantly increasing NOI and asset value. Low Operating Expenses: Annual tax ~$5,704, water ~$360 Prime location walking distance to the Atlantic Ocean Easy access to the world's most famous beach, Daytona Beach, Shopping, Entertainment, Public Transportation, School, and much more ?? Investment Profile: Perfect for value-add buyers, 1031 exchange investors, or out-of-area investors seeking a solid foothold in a fast-growing Florida market. Serious inquiries only. Detailed rent roll, photos, and financials available with signed NDA. Listed Confidentially By: Terry Sitaram Realty Pros Commercial 140 S Atlantic Ave, Ormond Beach, FL 32174