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609 Ora St
Daytona Beach, FL 32118
Turnkey, 6 Unit Multi-Family Property · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Six-unit multifamily property in Daytona Beach’s high-demand rental are
- Walking distance to the beach, retail, and entertainment destinations
- Strong investment metrics with NOI of $40,402 and 5.54% cap rate
- Comprehensive 2023 renovations including new roof, flooring, and mechanicals
- On-site parking for tenant convenience
EXECUTIVE SUMMARY
609–611 Ora Street offers a rare opportunity to acquire a six-unit, newly renovated multifamily property in the heart of Daytona Beach, Florida. Since 2023, the property has undergone extensive upgrades including new flooring, electrical systems, fresh paint, modern air conditioning units, water heaters, and a new roof on the front building. Its prime location places residents within walking distance of the beach, shopping, and popular Daytona attractions, ensuring strong tenant appeal.
Currently, three units are leased and three are vacant, providing immediate income with room for upside in a high-demand rental market. On-site parking adds convenience for tenants, and the property’s strategic positioning makes it an excellent choice for investors looking to start or expand a rental portfolio. Offered at $729,000, this asset delivers a net operating income of $40,402 and a cap rate of 5.54%, supported by a projected gross income of $74,385 annually. Daytona Beach’s vibrant coastal economy and consistent rental demand make this property a compelling investment for long-term growth.
Currently, three units are leased and three are vacant, providing immediate income with room for upside in a high-demand rental market. On-site parking adds convenience for tenants, and the property’s strategic positioning makes it an excellent choice for investors looking to start or expand a rental portfolio. Offered at $729,000, this asset delivers a net operating income of $40,402 and a cap rate of 5.54%, supported by a projected gross income of $74,385 annually. Daytona Beach’s vibrant coastal economy and consistent rental demand make this property a compelling investment for long-term growth.
PROPERTY FACTS
| Price Per Unit | $167,974 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.54% | Building Size | 2,842 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2023 |
| Property Subtype | Apartment | ||
| Zoning | RP - RP (Residential/Professional) | ||
| Price Per Unit | $167,974 CAD |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,842 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2023 |
| Zoning | RP - RP (Residential/Professional) |
PROPERTY TAXES
| Parcel Number | 5305-07-00-0100 | Improvements Assessment | $451,866 CAD |
| Land Assessment | $248,850 CAD | Total Assessment | $700,716 CAD |
PROPERTY TAXES
Parcel Number
5305-07-00-0100
Land Assessment
$248,850 CAD
Improvements Assessment
$451,866 CAD
Total Assessment
$700,716 CAD
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