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516 Phoenix Avenue, Daytona Beach, FL 32118

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For Sale

$650,000

7 beds • 2,888 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • $225.07
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Income-Producing 6-Unit Apartment Building Just Steps from Daytona Beach! Prime Location Walk to Ocean, Bridge & Boardwalk | $8,100 Potential Monthly Income | Cash Buyers Only | This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Key Features: Location, Location, Location: Unbeatable Location: Less than a block from Daytona Beach 1 block from the newly built Veterans Memorial Bridge (Orange Ave Bridge) 1 mile from the famous Daytona Beach Boardwalk Enjoy the beach and breathtaking ocean views just steps away This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Property Highlights: 6 Units | 9 Beds | 6 Baths 5 of 6 units currently rented Coin-operated shared laundry on-site Mixed unit types including: o One 2 Bed / 1 Bath with full layout o Two 2 Bed / 1 Bath units with two entrances (no living rooms ideal for roommates or flexible rentals) o Two studio units o One 1 Bed / 1 Bath unit ?? Financial Overview: Gross potential monthly income: $8,100 Tenants pay their own electric No landlord cost for trash or common electricity Owner pays approx. $350/month for water & gas (shared hot water heater) ??? Condition & Opportunity: Two units fully renovated Four units need updating Property has its own parking lot with 8 spaces Property was tented in 2020 for termites New roof needed (no current leaks) Ideal for investors or contractors priced with improvements in mind Cash buyers only due to condition Location Perks: Less than 1 block to Daytona Beach 1 block from Veterans Memorial Bridge 1 mile to Daytona Beach Boardwalk Ocean views just a minute's walk away Don't miss this excellent chance to invest in an appreciating coastal market with huge upside potential!
MLS# O6296060

Courtesy Of Empire Network Realty

(407) 440-3798

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Architecture Style
    Other
  • Exterior Type
    Block
  • Lot Size
    0.15 Acres

Map and Directions

Directions to 516 Phoenix 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) 756-6800
Learn More About Us

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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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