212 Madison Ave | Daytona Beach, FL 32114
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- LoopNet Team
212 Madison Ave
Daytona Beach, FL 32114
20 Unit Multifamily | Daytona Beach, FL · Multifamily Property For Sale · 20 Units
Investment Highlights
- 20-unit multi-family investment, with developmental expansion potential, located near US Highway 1.
- Over 50% of residents living within a three-mile radius of 212 Madison Avenue rely on rental properties as their primary residence.
- Over 60,000 residents earning a household income of $50,917 live within a three-mile radius.
- Market rents within the Greater Daytona Submarket have grown by 12.7% year-over-year.
- The utilities are paid for by the landlord and billed back to tenants.
- 212 Madison Avenue is surrounded by national retailers and quick-service food purveyors, including Advance Auto Parts, Subway, and McDonald's.
PROPERTY FACTS
| No. Units | 20 | Building Size | 16,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1936/2020 |
| Building Class | C | Parking Ratio | 1.25/1,000 SF |
| Lot Size | 1.05 AC |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 16,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1936/2020 |
| Parking Ratio | 1.25/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,150 | - |
| 2+1 | 6 | $1,275 | - |
| 3+1 | 4 | $1,600 | - |
PROPERTY TAXES
| Parcel Number | 5338-01-08-0050 | Improvements Assessment | $326,301 |
| Land Assessment | $300,000 | Total Assessment | $626,301 |
PROPERTY TAXES
Parcel Number
5338-01-08-0050
Land Assessment
$300,000
Improvements Assessment
$326,301
Total Assessment
$626,301
zoning
| Zoning Code | MFR |
| MFR |
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