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Regents Park 640 8th St 32 Unit Apartment Building $6,396,668 CAD ($199,896 CAD/Unit) 6.89% Cap Rate Holly Hill, FL 32117
Investment Highlights
- The unit mix consists of a combination of 2/1s, 2/1.5s and 2/2s
- Immediate upside through the re-stabilization of the property after five units were purposely vacated
- Can be purchased in conjunction with Golfview Apartments – 21 units in South Daytona
- The property has a long history of strong tenant retention
- Nearly 80% of the units have been partially or fully renovated
- Seller financing available
Executive Summary
Regents Park is a “B” class, 32-unit, two-story property. The property has been meticulously maintained and operated by the same owner since 1998. Regents is located in a quiet residential area, but just minutes from the two main thoroughfares that run through Daytona, Nova Road and US Highway 1. The property is situated less than six miles from the Tanger Outlets, Volusia Mall, Embry-Riddle Aeronautical University, Daytona International Speedway, Daytona Beach International Airport, and numerous other retail, entertainment and employment opportunities. The sale also includes 3.05 acres of vacant land which are zoned for up to 60 additional units. Waste management
permit already approved.
permit already approved.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,396,668 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $199,896 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.68 AC |
| Cap Rate | 6.89% | Building Size | 28,798 SF |
| No. Units | 32 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1986 |
| Zoning | 0300–MFR OVER 10 UNITS - Residential | ||
| Price | $6,396,668 CAD |
| Price Per Unit | $199,896 CAD |
| Sale Type | Investment |
| Cap Rate | 6.89% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 28,798 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1986 |
| Zoning | 0300–MFR OVER 10 UNITS - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
Site Amenities
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Security System
- Basketball Court
- Grill
- Trash Pickup - Door to Door
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 800 - 878 |
| 2+1.5 | 20 | - | 877 - 878 |
| 2+2 | 10 | - | 878 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4244-01-07-0125 | Improvements Assessment | $1,791,754 CAD (2026) |
| Land Assessment | $869,197 CAD (2026) | Total Assessment | $2,660,951 CAD (2026) |
Property Taxes
Parcel Number
4244-01-07-0125
Land Assessment
$869,197 CAD (2026)
Improvements Assessment
$1,791,754 CAD (2026)
Total Assessment
$2,660,951 CAD (2026)
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Regents Park | 640 8th St
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