420 Auburn Dr
Daytona Beach, FL 32118
Immeuble residentiel Propriété À vendre · 10 Unités

Investment Opportunity: 420 Auburn Drive, Daytona Beach, FL
420 Auburn Drive presents an exceptional investment opportunity in the heart of Daytona Beach. This 10-unit apartment complex is a turnkey investment with strong in-place cash flow and opportunities for value appreciation. Featuring a mix of one-bedroom and studio units, the property attracts a diverse tenant base, ensuring consistent occupancy and stable rental income.
With Daytona Beach’s strong rental market, this asset offers immediate rental income stability and future upside potential through rent increases and strategic renovations.
Why Invest in 420 Auburn Drive?
? Prime Location: Minutes from the beach, shopping, dining, and major employers, ensuring high tenant demand.
? Diverse Unit Mix & Occupancy:
7 One-Bedroom Units (Rents: $1,200 - $1,650)
3 Studio Units (Rents: $1,100 - $1,150)
Current Rent Roll: $12,800 per month / $153,600 annually
100% Occupied with long-term tenants in place
? Strong Rental Demand: Daytona Beach’s growth in tourism, job market, and new developments ensures steady demand for rental properties.
? Value-Add Potential: With renovation opportunities, the property has the potential to increase rents to market rates, boosting NOI and property value.
? Financial Strength:
Current Monthly Rental Income: $12,800
Market Rent Potential: Estimated 10-15% increase with updates
Projected Cap Rate: [Insert cap rate based on financials]
Low Vacancy Rate: Consistently fully leased due to location and demand
Market Insights & Growth Potential
?? Daytona Beach’s rental market is thriving, with rising property values and an increasing population. With new commercial and infrastructure developments, real estate investors are capitalizing on strong appreciation trends.
Act Now – This Investment Won’t Last!
This is a rare opportunity to acquire a high-yielding multifamily asset in a booming market.
?? Dino Dodani
?? EXP Commercial | Commercial Real Estate Broker
?? DinoD78@GMAIL.COM
?? 386.679.0888
?? CommLoan Profile
Investment Highlights
Investment Highlights for 420 Auburn Drive, Daytona Beach:
Prime Location:
Located in the heart of Daytona Beach, 420 Auburn Drive offers easy access to major highways, shopping centers, dining, and the beach. The area is a popular destination for both residents and tourists, ensuring strong rental demand year-round.
10-Unit Complex:
This 10-unit apartment complex features a diverse mix of one and two-bedroom units, which appeals to a broad spectrum of tenants, from students and young professionals to retirees and families. This diversity helps maintain high occupancy rates.
Steady Rental Income:
With its prime location and unit mix, the property benefits from strong rental demand. Investors can expect a consistent cash flow from rental income, with opportunities to increase rents after value-add improvements.
Value-Add Opportunity:
There is significant potential to enhance the property through renovations and upgrades. Strategic improvements to the units and common areas can increase rents, boost tenant satisfaction, and improve the overall value of the property.
Off-Street Parking:
The property offers ample off-street parking, an essential amenity for tenants. This added convenience enhances tenant retention and satisfaction, further stabilizing rental income.
Long-Term Appreciation Potential:
Daytona Beach is a growing market with rising demand for rental properties. As the area continues to develop, 420 Auburn Drive is poised for long-term appreciation, making it an attractive opportunity for both immediate returns and future value growth.
Well-Maintained Property:
The property is in good condition, requiring minimal immediate repairs, allowing investors to focus on optimizing its income potential through strategic upgrades.
Investors looking for a property in a high-demand area with steady rental income, room for value enhancement, and strong appreciation potential will find 420 Auburn Drive to be an excellent opportunity.