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116 Michigan Avenue, Daytona Beach, FL 32114 Photo
116 Michigan Avenue, Daytona Beach, FL 32114 Photo
116 Michigan Avenue, Daytona Beach, FL 32114 Photo
116 Michigan Avenue, Daytona Beach, FL 32114 Photo
116 Michigan Avenue, Daytona Beach, FL 32114 Photo
116 Michigan Avenue, Daytona Beach, FL 32114 Photo

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116 Michigan Avenue Daytona Beach, FL 32114
$1,200,000
  • Lot Size
    0.10 acre(s)

A rare opportunity to acquire a fully-occupied, 13-unit multifamily portfolio in the heart of Downtown Daytona Beach. Spanning five addresses across Michigan Avenue and N Beach Street, this portfolio delivers immediate income at a compelling 9.8% cap rate -- with meaningful upside through unit renovations and rental rate increases.Positioned at the center of one of Daytona Beach's most active redevelopment corridors, the properties benefit from proximity to transformative projects redefining the...

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Property Summary

MLS Number: 1228094
Status: Active
Days on Market: 61
Subdivision:
County: Volusia
Bedrooms: 0
Total Square Feet: 0
New Constuction: No
Waterfront: No
Property Type: Commercial - Business
Lot Size: 0.10 Acres
Year Built: 1920
Taxes: $2,014

Property Details

Days on Site: 61
Directions: Nestled in the heart of Daytona Beach, the area surrounding the property offers an enticing blend of coastal charm and urban convenience.
Lot: Other
Parcel #: 5338-41-00-0170
Parking: Other
Property Attached Y/N: No
Property Sub-Type: Multi Family
SQFT Total: 6580

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Courtesy of

Agency Name: SVN Alliance Commercial Real Estate Advisors
Agent Name: Carl Lentz

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Presented by

Agent Name: The Legacy Group
Agent Phone: 561.282.5207
Agency Title: The Keyes Company
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The Legacy Group
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Agent Cell:
Office Phone:
561.282.5207

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Estimated Payment

$ 6,410.00 Principal & Interest $5,892.17 Property Tax $167.83 Homeowner's Insurance $350.00
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