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Tim Buchanan

realtortbuchanan@gmail.com +1(813) 417-0539

$ 449,900

Est. payment | -/mo

4 Beds

4 Baths

1,080 SqFt

Save Virtual Tour

$ 449,900

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

1,080 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,080 sqft

Price per Sqft $416

Subdivision Rowladers Add 03 Daytona

MLS Listing ID NS1089438

Bedrooms 4

Full Baths 4

Construction Status Completed

HOA Y/N No

Year Built 1950

Annual Tax Amount $5,569

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 50x100

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

INVESTMENT OPPORTUNITY! Four-unit multifamily property at 205 Shady Pl in Daytona Beach offering immediate income and meaningful value-add potential. All four units are fully leased and secured by longtime leases, providing an established and stable rental history. The property generates a 5.45 CAP under current market conditions. For investors looking to increase returns, the property offers several opportunities for future income growth. Rents can potentially be increased toward current market levels, while the electrical service can be separated and individually metered for each unit, creating an opportunity to reduce owner-paid expenses. These improvements, combined with the existing rental income, provide an attractive value-add investment strategy. With four occupied units, established tenancy, existing cash flow, and multiple avenues for improving the property's financial performance, this property is well suited for both experienced multifamily investors and those looking to expand their rental portfolio. Convenient Daytona Beach location adds to the property's long-term investment appeal. Buyer to verify all measurements, zoning, utility configurations, leases, expenses, and financial information.

Location

State FL

County Volusia

Community Rowladers Add 03 Daytona

Area 32114 - Daytona Beach

Zoning MFR

Interior

Interior Features Other

Heating Other

Cooling Wall/Window Unit(s)

Flooring Vinyl

Furnishings Unfurnished

Fireplace false

Appliance Range, Refrigerator

Laundry Other

Exterior

Exterior Feature None

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Exposure North

Garage false

Private Pool No

Building

Story 2

Entry Level Two

Foundation Stem Wall

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type HardiPlank Type

New Construction false

Construction Status Completed

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/NS1089438

Listed by Nate Ingram COMPASS FLORIDA LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(813) 417-0539

realtortbuchanan@gmail.com

8181 SW 108th Loop , Ocala, Florida 34481, USA

205 SHADY PL Daytona Beach, FL 32114

Tim Buchanan

Key Details

Location

Interior

Exterior

Building

Others

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205 SHADY PL