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Multifamily

222 Oleander

218 N Oleander Ave, Daytona Beach, FL 32118

Listing Price: Request For Offer

Number of Units
17
Gross SF
7,200

Investment Overview

SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire 222 Oleander. 222 Oleander is located in Daytona Beach, FL and is made up of 3 buildings, side-by-side, for a total of 17-units. Units are a mix of studio and one-bedroom/one-bathroom with an average size of 424 Sq. Ft. Given the location in a Daytona Beach Redevelopment Zone, the 222 Oleander is an ideal candidate for a full short-term rental conversion. A new owner would implement a full property renovation to unlock a 100% two-year ROI. 222 Oleander is conveniently located within minutes to Daytona Beach attractions to include the Daytona Lagoon, Ocean Walk Shoppes, Daytona Beach Main Street Pier and more.

Investment Highlights

  • Less Than 5 Miles to the Daytona International Speedway and Daytona Beach International Airport.
  • Ability To Achieve a 16.8% Year One Cap Rate By Converting the Asset Into a Short-Term Rental Property
  • Located Within Walking Distance to Local Tourist Attractions (Daytona Lagoon, Daytona Beach Main Street Pier, Ocean Walk Shoppes)

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
17
Gross SF
7,200

Investment Highlights

  • Less Than 5 Miles to the Daytona International Speedway and Daytona Beach International Airport.
  • Ability To Achieve a 16.8% Year One Cap Rate By Converting the Asset Into a Short-Term Rental Property
  • Located Within Walking Distance to Local Tourist Attractions (Daytona Lagoon, Daytona Beach Main Street Pier, Ocean Walk Shoppes)

Investment Overview

SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire 222 Oleander. 222 Oleander is located in Daytona Beach, FL and is made up of 3 buildings, side-by-side, for a total of 17-units. Units are a mix of studio and one-bedroom/one-bathroom with an average size of 424 Sq. Ft. Given the location in a Daytona Beach Redevelopment Zone, the 222 Oleander is an ideal candidate for a full short-term rental conversion. A new owner would implement a full property renovation to unlock a 100% two-year ROI. 222 Oleander is conveniently located within minutes to Daytona Beach attractions to include the Daytona Lagoon, Ocean Walk Shoppes, Daytona Beach Main Street Pier and more.

Exclusively Listed By

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