HUGE Price Drop. 2/1 and 3/1 in Daytona Beach under 135k! Or Build up to 12 Units!

Property Description:

Large 2 story property on a 13,000 SF double lot in Daytona Beach. First floor is 2/1 and second floor is 3/1. Perfect as a rental, vacation rental or land cover play for future development. Potential total rent: $2,675 ($1,275 +$1,400)

DRIVE BY ONLY. DO NOT DISTURB OCCUPANTS!

This is a great deal that could be a good one to take down and do a light rehab and list it right back on the market! zoned multi family, city allows up to 12 units to be built ! So the play here would be to either relist after a cosmetic rehab and sell for a quick profit, or lightly rehab, rent for $2500+, while you entitle the land to build a 12 unit complex! What I would do is expand the existing structure that’s in good shape, and turn it into a 12 plex, would be the most economical way instead of demoing the existing structure. Either way, at this price point, you cannot lose. Expect double digit returns close to 18%!

  • Address: Adeline Street, Daytona Beach, Florida 32114 
  • Price: $139,900 
  • Availability: Sold 
  • Listing Type: Multi-Family 
  • Bedrooms:
  • Bathrooms:
  • Total Square Feet: 1745 
  • Construction Type: Wood Frame 
  • Year Built: 1927 

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