Additional parkingSolid block-constructionFunctional open-concept layoutsDesirable corner lot
''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."
283 days
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239
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26
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Zillow last checked:
Listing updated:
Listed by:
Janet Lustik386-290-8080,
Adams, Cameron & Co., Realtors
Source: DBAMLS,MLS#: 1218872
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4
Heating
Central, Electric, Separate Meters
Cooling
Separate Meters
Appliances
Included: Refrigerator, Electric Water Heater, Electric Range
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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