Interior
- Bathrooms
- 0
- Flooring
- Carpet, Tile
- Cooling
- Central Air
- Heating
- Central
Active · MultiFamily
$2,350,000
900 S Peninsula Drive, FL 32118
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1972
- Lot size
- —
- HOA fee
- $7,494 Annually
- Annual tax
- $23,293
About this property
Opportunity to acquire 18 units value-add in a 39-unit building under $150 per sq.ft. Currently at 6% cap with substantial upside. Waterfront property with immediate access to premier beaches and a private boat dock. All units are 2BR 1BA with central AC. New roofs - replaced in 2019. Concrete block product throughout. Situated in the heart of Daytona Beach, this property provides easy access to local attractions, dining establishments, shopping destinations and hospitals. Daytona Beach with its International Airport and vibrant atmosphere is a bustling city with year-round festivals and events, notably the iconic Daytona 500 NASCAR race.
Property location
Get Directions900 S Peninsula Drive, FL 32118
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Facts & features
Exterior & Structure
- Property type
- MultiFamily
- Year built
- 1972
- Stories
- 3
- Roof
- Concrete
- Construction
- Other
Parking
- Covered spaces
- 0
- Parking features
- Accessible Parking
HOA, Community & Financials
- Association fee
- $7,494 Annually
- Security
- Fire Alarm, Smoke Detectors
- Annual tax
- $23,293
- County
- Volusia
- Days on market
- 147
- MLS listing ID
- B26032628
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$3,445
- Cap rate
- 3.9%
- Net yield
- 3.9%
- Cash-on-cash return
- -6.3%
- Gross yield
- 6.6%
- Mortgage payment
- $11,140/mo
- Down payment
- $587,500
- Loan amount
- $1,762,500
- Annual NOI
- $92,347
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.