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Multifamily

Seabreeze Residence Apartments

732 N Halifax Ave, Daytona Beach, FL 32118

Listing Price: Request For Offer

Number of Units
25
Gross SF
22,400

Investment Overview

Rare, 25-unit multifamily property located on Daytona Beach

Investment Highlights

  • Rare, 25-unit multifamily property located on Daytona Beach
  • Property is situated beachside in between the Halifax River and Atlantic Ocean – Subject Property is NOT located in a FEMA designated flood zone
  • Opportunity to increase NOI approximately 75% by Year Two through the implementation of strategic renovations and bringing rents up to market
  • Favorable mix of 1 and 2 bedrooms with 68% of the units being 2 bedroom 2 baths
  • Concrete block construction
  • Owner has spent approximately $500k in capital expenditures since taking ownership including new roofs, HVACs and flooring
  • Located just 5 minutes from downtown Daytona Beach
  • Located just 10 minutes from Embry Riddle University which is ranked in the top 10 regional universities south by US News & World Report

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multifamily

Seabreeze Residence Apartments

Listing Price: Request For Offer

Number of Units
25
Gross SF
22,400

Investment Highlights

  • Rare, 25-unit multifamily property located on Daytona Beach
  • Property is situated beachside in between the Halifax River and Atlantic Ocean – Subject Property is NOT located in a FEMA designated flood zone
  • Opportunity to increase NOI approximately 75% by Year Two through the implementation of strategic renovations and bringing rents up to market
  • Favorable mix of 1 and 2 bedrooms with 68% of the units being 2 bedroom 2 baths
  • Concrete block construction
  • Owner has spent approximately $500k in capital expenditures since taking ownership including new roofs, HVACs and flooring
  • Located just 5 minutes from downtown Daytona Beach
  • Located just 10 minutes from Embry Riddle University which is ranked in the top 10 regional universities south by US News & World Report

Investment Overview

Rare, 25-unit multifamily property located on Daytona Beach

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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