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Multifamily

Palmetto Apartments

1160 S Palmetto Ave, Daytona Beach, FL 32114

Listing Price: Request For Offer

Number of Units
8
Gross SF
5,164

Investment Overview

SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire The Palmetto Apartments. Palmetto Apartments is located in Daytona Beach, FL and is a single, two-story building with a total of 8 units. Half of the units are one-bedroom/one bathroom totaling 627 Sq. Ft while the other half are two-bedroom/one-bathroom totaling 664 Sq. Ft. A new owner is presented with the opportunity to unlock an additional $200+ rental premium by completing an interior renovation plan and implementing a utility reimbursement system. Palmetto Apartments is located within 6-minutes of Downtown Daytona Beach and 10-minutes to the “World Famous” Daytona Beach.

Investment Highlights

  • Ability to Increase NOI by 60% by Increasing Rents to Market & Implementing a Utility Reimbursement System.
  • Located Within Three Miles From Two Major Universities; Embry Riddle Aeronautical University (1,600+ Jobs) & Bethune Cookman University (750 Jobs)
  • Less than 10 Miles From Major Employers (Brown & Brown Insurance, TopBuild, AdventHealth Daytona Beach, Halifax Health Medical Center, NASCAR)

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
8
Gross SF
5,164

Investment Highlights

  • Ability to Increase NOI by 60% by Increasing Rents to Market & Implementing a Utility Reimbursement System.
  • Located Within Three Miles From Two Major Universities; Embry Riddle Aeronautical University (1,600+ Jobs) & Bethune Cookman University (750 Jobs)
  • Less than 10 Miles From Major Employers (Brown & Brown Insurance, TopBuild, AdventHealth Daytona Beach, Halifax Health Medical Center, NASCAR)

Investment Overview

SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire The Palmetto Apartments. Palmetto Apartments is located in Daytona Beach, FL and is a single, two-story building with a total of 8 units. Half of the units are one-bedroom/one bathroom totaling 627 Sq. Ft while the other half are two-bedroom/one-bathroom totaling 664 Sq. Ft. A new owner is presented with the opportunity to unlock an additional $200+ rental premium by completing an interior renovation plan and implementing a utility reimbursement system. Palmetto Apartments is located within 6-minutes of Downtown Daytona Beach and 10-minutes to the “World Famous” Daytona Beach.

Exclusively Listed By

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