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500 Lenox Avenue, Daytona Beach, FL 32118

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For Sale

$615,000

6 beds • 5 baths • 4,081 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $150.70
    Price per square foot

  • Over 50 Years Old
    Age

  • Fireplace
    Fireplace

Explore this Property

Rarely available and impossible to replicate at this price this top-performing, fully rented 5-Unit concrete block building delivers a 9+ PERCENT CAP RATE, over $66,000 in annual gross income, and sits just 0.2 miles from the Atlantic Ocean and 0.25 miles from the Intracoastal Waterway. All units have separate water and electric meters, meaning tenants pay their own utilities, keeping your expenses low and your cash flow high. The property is occupied by great tenants and managed by a trusted local management company that can continue service for a smooth, hands-off transition. Three of the units are oversized 2-bedroom, 1-bath layouts, one is a 1-bedroom, 1-bath, and one unit is a studio offering a strong and diversified rental mix. Two of the 2-bedroom units were just remodeled with new flooring, updated kitchens, modern bathroom fixtures, and fresh interior paint. Add in the newer roof and fresh exterior paint, and you've got peace of mind built right in. The .... CON'T .... location is unbeatable with the beach just seconds away, the Daytona Beach Pier just 1 mile away, reach the world-famous Daytona International Speedway in under 10 minutes, and enjoy quick access to I-95 and I-4. With proven income, prime coastal positioning, and recent upgrades, this is a turnkey investment opportunity that checks every box for cash flow, stability, and location. Opportunities like this are rare, secure it now and start collecting rent from day one.
MLS# 1216694

Courtesy Of Keller Williams Realty Florida Partners

(386) 944-2800

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Block, Concrete
  • Fireplace
    Fireplace
  • Floor Covering
    Carpet, Tile, Wood
  • Lot Size
    0.14 Acres

Map and Directions

Directions to 500 Lenox Avenue, Daytona Beach, FL 32118

Home seller CENTURY 21 Sundance Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Sundance Realty

(386) 441-2000
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Hazard Insurance
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Copyright © 2025 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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