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26-28 Hollywood Avenue
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PRICED AT ONLY: $650,000

Address: 26-28 Hollywood Avenue, DAYTONA BEACH, FL 32118

Description

An exceptional opportunity to acquire a stabilized, income producing five unit multifamily property located in the desirable Surfside Historic District of Daytona Beach. This property delivers a net operating income (NOI) of $64,114 and a 9.1 cap rate, offering investors a blend of strong returns and long term appreciation potential. Four of the five units are currently occupied, providing immediate, dependable cash flow. The property benefits from a combined federal housing income, ensuring reliable, government backed rent payments and reduced vacancy risk. Nestled in one of Daytona Beachs most sought after neighborhoods, this property combines historic character with modern income performance. Residents enjoy proximity to the Daytona Beach shoreline, downtown entertainment, and major employers, enhancing both tenant demand and property value.

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  • MLS#: O6357025 ( Multi-Family )
  • Street Address: 26-28 Hollywood Avenue
  • Viewed: 133
  • Price: $650,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1918
  • Bldg sqft: 0
  • Bedrooms: 5
  • Total Baths: 5
  • Days On Market: 76

Description

An exceptional opportunity to acquire a stabilized, income producing five unit multifamily property located in the desirable Surfside Historic District of Daytona Beach. This property delivers a net operating income (NOI) of $64,114 and a 9.1 cap rate, offering investors a blend of strong returns and long term appreciation potential. Four of the five units are currently occupied, providing immediate, dependable cash flow. The property benefits from a combined federal housing income, ensuring reliable, government backed rent payments and reduced vacancy risk. Nestled in one of Daytona Beachs most sought after neighborhoods, this property combines historic character with modern income performance. Residents enjoy proximity to the Daytona Beach shoreline, downtown entertainment, and major employers, enhancing both tenant demand and property value.
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  • Views: 133
Nearby Subdivisions
Bostwick Park   Loudel   Memento   Memento Resub Blk 16 012   Oceanside Inn Condo   Rogers Seabreeze   Silver Terrace  
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