Multifamily

Oakwood Apartments

321 Clifton Ave, Daytona Beach, FL 32117

Listing Price: $2,100,000

Cap Rate
5.57%
Number of Units
26
Price/Unit
$80,769
Price/Gross SF
$95.63
Gross SF
21,960

Investment Overview

26-Unit Value-Add Multifamily Community Located in Holly Hill, Florida (Daytona Beach MSA)

Investment Highlights

  • Attractive Unit Mix of One- and Two-Bedroom Units
  • Value-Add Opportunity to Increase Rents $75-$100 per Unit with Light Interior Renovations
  • Ability to Achieve a 7%+ Cap Rate in Year Two of Ownership
  • Concrete Block Construction
  • Situated just Five Miles from Major Thoroughfare I-95 and Less than Four Miles to the Volusia Mall which is Comprised of More than 120 Stores and Services
  • Located less than Five Miles from Embry-Riddle Aeronautical University, the Largest Accredited University Specializing in Aviation and Aerospace in the World
  • Volusia County is Expected to Increase Job Growth by 46.2% over the Next Ten Years compared to the National Average of 33.5% according to Sperling's Best Places
  • Brown & Brown Insurance-BRO (NYSE), the Eighth Largest Insurance Intermediary in the World, is Completing their New Headquarters in Daytona which will Bring Several Hundred Jobs to the Region

Exclusively Listed By

Listing Price: $2,100,000

Cap Rate
5.57%
Number of Units
26
Price/Unit
$80,769
Price/Gross SF
$95.63
Gross SF
21,960

Investment Highlights

  • Attractive Unit Mix of One- and Two-Bedroom Units
  • Value-Add Opportunity to Increase Rents $75-$100 per Unit with Light Interior Renovations
  • Ability to Achieve a 7%+ Cap Rate in Year Two of Ownership
  • Concrete Block Construction
  • Situated just Five Miles from Major Thoroughfare I-95 and Less than Four Miles to the Volusia Mall which is Comprised of More than 120 Stores and Services
  • Located less than Five Miles from Embry-Riddle Aeronautical University, the Largest Accredited University Specializing in Aviation and Aerospace in the World
  • Volusia County is Expected to Increase Job Growth by 46.2% over the Next Ten Years compared to the National Average of 33.5% according to Sperling's Best Places
  • Brown & Brown Insurance-BRO (NYSE), the Eighth Largest Insurance Intermediary in the World, is Completing their New Headquarters in Daytona which will Bring Several Hundred Jobs to the Region

Investment Overview

26-Unit Value-Add Multifamily Community Located in Holly Hill, Florida (Daytona Beach MSA)

Exclusively Listed By

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