Under contract-accepting backup offers. 'Value-Add 4-Plex Investment Opportunity in the Growing South Daytona Corridor Solid block-construction 4-unit multifamily property featuring four spacious 1-bedroom, 1-bath units with functional open-concept layouts, strong occupancy history, and significant long-term rental upside potential. The property has maintained consistent occupancy over multiple years and benefits from strong workforce housing demand driven by proximity to Daytona Beach, major employers, shopping, dining, and several nearby colleges and universities. Recent capital improvements include: Brand-new roof (2025) Updated bathroom vanities (2022) New stoves and refrigerators in Units 1 and 4 (2022) Situated on a desirable corner lot with additional parking and excellent accessibility, the property offers investors a compelling blend of current income, operational stability, and future NOI growth potential. Current rents remain materially below prevailing South Daytona market rates, creating a clear value-add and rent stabilization opportunity for investors seeking long-term cash flow growth and appreciation potential. Comparable market rents for similar 1-bedroom units in the area suggest meaningful upside through gradual rent normalization over time. Strong candidate for investors seeking: *Long-term hold strategy *workforce housing demand *future cap-rate improvement through stabilization *Excellent opportunity to acquire a fully occupied income-producing asset with measurable upside in one of Volusia County's established rental corridors."
| MLS # | FC318287 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active Under Contract |
| Year | 1986 |
| Days On Site | 150 |
| Listing Provided By | ADAMS, CAMERON & CO., REALTORS | Kristin Petersen |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,016 |
| Story(s) | 1 |
| Zoning | MFR 10 UN |
| Acreage | 0.20 |
| Property | 5702 |
|---|
| State | FL |
|---|---|
| County | Volusia |
| City | DAYTONA BEACH |
| Zip Code | 32114 |
| Area | 32114 Daytona Beach |
| Community Name | PECK BLK 28 DAYTONA |
| Listing VS Median (in PECK BLK 28 DAYTONA) | |
Price: $434,000 low | high Med: $434,000 sqft: 2,016 low | high Med: 2,016 $ / sqft: $215 low | high Med: $215 On site: 150 low | high Med: 150 | |
| State | FL |
|---|---|
| County | Volusia |
| City | DAYTONA BEACH |
| Zip Code | 32114 |
| Area | 32114 Daytona Beach |
| Community Name | PECK BLK 28 DAYTONA |
| Listing VS Median (in PECK BLK 28 DAYTONA) | |
Price: $434,000 low | high Med: $434,000 sqft: 2,016 low | high Med: 2,016 $ / sqft: $215 low | high Med: $215 On site: 150 low | high Med: 150 | |