Hotel-Motel
Pineapple Shores
2240 S Atlantic Ave, Daytona Beach Shores, FL 32118
Listing Price: $2,150,000
Investment Overview
Marcus and Millichap is pleased to offer investors the opportunity to acquire Pineapple Shores, a short term rental property located in the heart of Daytona Beach with premier frontage on Atlantic Avenue, directly across the street from the Atlantic Ocean. The Property consists of 13 rental units, 6 with single beds, and 7 with two beds. Each unit ahs been fully renovated with white shaker cabinets, vinyl plank flooring, upgraded light fixtures, sliding barn doors, and more. Additionally, each unit is fully furnished to accommodate short term rentals for vacationers visiting the Daytona Beach area.
Pineapple Shores
Investment Highlights
- 13-Unit Short Term Rental Asset located near Daytona Beach's Largest Attractions
- Concrete Block Construction Built in 1952 and Fully Renovated in 2022/2023
- 8.34% Going-In Cap Rate With the Ability to Push into the low 9% Pro Forma Cap Rate Range Through an Operational Value-Add Plan
- Extensive Unit Renovations Include White Shaker Cabinets, Vinyl Plank Flooring, Fully Renovated Bathrooms, Upgraded Lighting, Fully Furnished, and More
- Located on Atlantic Avenue in the Heart of Daytona Beach, Directly Across the Street from The Atlantic Ocean
- "Daytona Beach Ranks 8th in Fastest Growing Places " – US News & World Report
- "Daytona Beach is expected to have 17.5% Population Growth over the next Ten-Year Period" – US Census Bureau
Exclusively Listed By
Financing By
Listing Price: $2,150,000
Investment Highlights
- 13-Unit Short Term Rental Asset located near Daytona Beach's Largest Attractions
- Concrete Block Construction Built in 1952 and Fully Renovated in 2022/2023
- 8.34% Going-In Cap Rate With the Ability to Push into the low 9% Pro Forma Cap Rate Range Through an Operational Value-Add Plan
- Extensive Unit Renovations Include White Shaker Cabinets, Vinyl Plank Flooring, Fully Renovated Bathrooms, Upgraded Lighting, Fully Furnished, and More
- Located on Atlantic Avenue in the Heart of Daytona Beach, Directly Across the Street from The Atlantic Ocean
- "Daytona Beach Ranks 8th in Fastest Growing Places " – US News & World Report
- "Daytona Beach is expected to have 17.5% Population Growth over the next Ten-Year Period" – US Census Bureau
Investment Overview
Marcus and Millichap is pleased to offer investors the opportunity to acquire Pineapple Shores, a short term rental property located in the heart of Daytona Beach with premier frontage on Atlantic Avenue, directly across the street from the Atlantic Ocean. The Property consists of 13 rental units, 6 with single beds, and 7 with two beds. Each unit ahs been fully renovated with white shaker cabinets, vinyl plank flooring, upgraded light fixtures, sliding barn doors, and more. Additionally, each unit is fully furnished to accommodate short term rentals for vacationers visiting the Daytona Beach area.
Exclusively Listed By
Financing By
