Multifamily
Regents Park
660 8th St, Daytona Beach, FL 32117
Listing Price: $4,600,000
Cap Rate
5.91%
Number of Units
32
GRM
8.92
Price/Unit
$143,750
Investment Overview
Regents Park is a “B” class, 32-unit, two-story multifamily property located in Holly Hill, FL (Daytona MSA). The sale also includes 3.05 acres of vacant land which are zoned for up to 60 additional units.
Investment Highlights
- Regents Park is a "B" class, 32-unit, two-story property
- The property has been meticulously maintained and operated by the same owner since 1998
- The unit mix consists of a combination of 2/1s, 2/1.5s and 2/2s
- The property has a long history of strong tenant retention
- Immediate upside through the re-stabilization of the property after five units were purposely vacated
- Regents is located in a quiet residential area, but just minutes from the two main thoroughfares that run through Daytona, Nova Road and US Highway 1
- The property is situated less than six miles from the Tanger Outlets, Volusia Mall, Embry-Riddle Aeronautical University, Daytona International Speedway, Daytona Beach International Airport, and numerous other retail, entertainment and employment opportunities
- Nearly 80% of the units have been partially or fully renovated
Exclusively Listed By
Financing By
Listing Price: $4,600,000
Cap Rate
5.91%
Number of Units
32
GRM
8.92
Price/Unit
$143,750
Investment Highlights
- Regents Park is a "B" class, 32-unit, two-story property
- The property has been meticulously maintained and operated by the same owner since 1998
- The unit mix consists of a combination of 2/1s, 2/1.5s and 2/2s
- The property has a long history of strong tenant retention
- Immediate upside through the re-stabilization of the property after five units were purposely vacated
- Regents is located in a quiet residential area, but just minutes from the two main thoroughfares that run through Daytona, Nova Road and US Highway 1
- The property is situated less than six miles from the Tanger Outlets, Volusia Mall, Embry-Riddle Aeronautical University, Daytona International Speedway, Daytona Beach International Airport, and numerous other retail, entertainment and employment opportunities
- Nearly 80% of the units have been partially or fully renovated
Investment Overview
Regents Park is a “B” class, 32-unit, two-story multifamily property located in Holly Hill, FL (Daytona MSA). The sale also includes 3.05 acres of vacant land which are zoned for up to 60 additional units.
Exclusively Listed By
Financing By