Address: 538 Loomis Avenue, DAYTONA BEACH, FL 32114
Description
Income Producing Triplex. Discover a strong cash flowing investment opportunity with this well maintained triplex in the heart of Daytona Beach. Consisting of two buildings with three separate units, this property is a proven income producer, currently generating $37,800 in annual rental income, with upside potential through rent increases or value add improvements. Each unit is individually metered for electric and water, minimizing owner expenses and maximizing operational efficiency. The property also includes an additional fenced lot, providing flexibility for future development, storage, or added amenities. The roof was replaced in 2017, offering peace of mind and reduced near term capital expenses. Ideally located just minutes from shopping, dining, entertainment, and the world famous Daytona Beach, this property blends the appeal of coastal living with the fundamentals of a solid investment. Whether youre a seasoned investor looking to expand your portfolio or a buyer entering the multifamily market, this is a rare opportunity in a prime location.
Income Producing Triplex. Discover a strong cash flowing investment opportunity with this well maintained triplex in the heart of Daytona Beach. Consisting of two buildings with three separate units, this property is a proven income producer, currently generating $37,800 in annual rental income, with upside potential through rent increases or value add improvements. Each unit is individually metered for electric and water, minimizing owner expenses and maximizing operational efficiency. The property also includes an additional fenced lot, providing flexibility for future development, storage, or added amenities. The roof was replaced in 2017, offering peace of mind and reduced near term capital expenses. Ideally located just minutes from shopping, dining, entertainment, and the world famous Daytona Beach, this property blends the appeal of coastal living with the fundamentals of a solid investment. Whether youre a seasoned investor looking to expand your portfolio or a buyer entering the multifamily market, this is a rare opportunity in a prime location.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Fence, Sidewalk
Living Area: 2304.00
Roof: Shingle
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
Heating: Ductless
Sewer: Public Sewer
Utilities: Public
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Rental Information
Tenant Pays: Electricity, Water
Other Features
Appliances: Microwave, Range, Refrigerator
Country: US
Interior Features: Ceiling Fans(s)
Legal Description: LOTS 1 & 2 BLK 1 SUB W 2/3 OF LOT 6 BLK 26 DAYTONA MB 4 PG 20 MB 16 PG 77 PER OR 5011 PG 2388 PER OR 7448 PG 0364 PER OR 7551 PG 4145 PER OR 7763 PG 2131
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