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259 Jefferson St - Jefferson Apartments 3 Unit Apartment Building Offered at $555,580 CAD at a 12.15% Cap Rate Daytona Beach, FL 32114

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INVESTMENT HIGHLIGHTS

  • Heavy daytime foot traffic
  • Fully Renovated
  • Close proximity to 2 major universities

EXECUTIVE SUMMARY

Fully Renovated Turnkey Triplex - Excellent Income Potential! Don't miss this incredible investment opportunity in the heart of Daytona Beach! This fully renovated triplex features 3 income-producing units, each upgraded in 2024 with new LVP flooring, rebuilt bathrooms, brand-new stainless steel appliances, new windows, and updated insulation. Major systems have been replaced, including a new roof (Dec 2024), 3 new A/C units, and 3 new water heaters—offering peace of mind and low maintenance for years to come. Estimated rental income ranges from $1,350 to $1,600 per unit/month, generating $48,600-$57,600 annually. Th cap rate provided is a pro forma rate. Ideal for long-term tenants, traveling professionals, or short-term rental strategies. Centrally located near colleges, beaches, and downtown Daytona. This is a truly turnkey property—perfect for investors seeking solid returns in a growing coastal market. Schedule your showing today!

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Taxes $3,800 $3.80
Operating Expenses $3,333 $3.33
Total Expenses $7,134 $7.13

FINANCIAL SUMMARY (ACTUAL - 2024)

Taxes (CAD)
Annual $3,800
Annual Per SF $3.80
Operating Expenses (CAD)
Annual $3,333
Annual Per SF $3.33
Total Expenses (CAD)
Annual $7,134
Annual Per SF $7.13

PROPERTY FACTS

Price $555,580 CAD
Price Per Unit $185,193 CAD
Sale Type Investment
Cap Rate 12.15%
Gross Rent Multiplier 6.85
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 0.23 AC
Building Size 1,000 SF
Average Occupancy 0%
No. Stories 1
Year Built/Renovated 1940/2025
Opportunity Zone Yes
Zoning R3 - R3 - Three Family

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Heating
  • Ceiling Fans
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Double Pane Windows
  • Pantry
  • Vinyl Flooring
  • Quartz Countertops

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 3 $2,222 CAD 333 - 334
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5339-02-54-0051
Land Assessment
$16,016 CAD (2025)
Improvements Assessment
$159,508 CAD (2025)
Total Assessment
$175,524 CAD (2025)
Annual Taxes
$3,800 CAD ($3.80 CAD/SF)
Tax Year
2024
  • Listing ID: 37204621

  • Date on Market: 2025-08-09

  • Last Updated:

  • Address: 259 Jefferson St, Daytona Beach, FL 32114

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