112 N Peninsula Dr
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112 N Peninsula Dr
4 Unit Apartment Building $835,000 ($208,750/Unit) 8.43% Cap Rate Daytona Beach, FL 32118
Investment Highlights
- Beautiful 4 unit short-term approved vacation rental complex
- Totally rebuilt and remodeled to the T in 2019!
- Just a few blocks to the OCEAN!
Executive Summary
INVESTORS!!! Come see this stunning 4 unit complex with complete high end remodel! This is a legal, licensed short term rental. Airbnb approved! Properties like this are extremely hard to find in the HEART of DAYTONA BEACH! Many 5 STAR REVIEWS and just a few blocks to the OCEAN, The Bandshell, Boardwalk, Ocean Walk, Famous Main Street, Convention Center, Peabody Auditorium, Daytona Lagoon Water Park, tons of great restaurants RIGHT THERE! You can also rent long term if you like! One of the units is rented long term for $1500 per month. The rentals brought an 8.3% Cap in 2023! This outstanding quad was totally rebuilt and remodeled to the T in 2019! Brand New Isoboard with modified Bitumen roof in July 2021! This remarkable Beach Side complex has 3 one bed/one bath units and 1 two bed/one bath units. Each apartment has it's own washer/dryer inside unit! The first floor has TWO outdoor patios, the 2nd floor has a spacious and fabulous outdoor deck to enjoy lovely beachy cross breezes!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Security System
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Coffee System
- Deck
- Patio
Site Amenities
- Furnished Units Available
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+4 | 4 | - | 3,000 |
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PROPERTY TAXES
| Parcel Number | 5305-08-13-0052 | Total Assessment | $695,125 (2024) |
| Land Assessment | $91,155 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $603,970 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5305-08-13-0052
Land Assessment
$91,155 (2024)
Improvements Assessment
$603,970 (2024)
Total Assessment
$695,125 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | Multi Family (Multi Family, legal and licensed short term vacation rental complex) |
| Multi Family (Multi Family, legal and licensed short term vacation rental complex) |
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112 N Peninsula Dr
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