$1,200,000
116 Michigan Avenue, Daytona Beach, FL 32114
Daytona Beach, FL 32114
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Beds
2
Baths
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Sq Ft
1920
Year Built
0.1 acres
Lot Size
About This Property
A rare opportunity to acquire a fully-occupied, 13-unit multifamily portfolio in the heart of Downtown Daytona Beach. Spanning five addresses across Michigan Avenue and N Beach Street, this portfolio delivers immediate income at a compelling 9.8% cap rate -- with meaningful upside through unit renovations and rental rate increases. Positioned at the center of one of Daytona Beach's most active redevelopment corridors, the properties benefit from proximity to transformative projects redefining the city's riverfront. The surrounding area is experiencing substantial institutional investment, bringing new amenities, employers, and residents that support continued rent growth for years to come.
Features
Property Details
Listing Information
Listing provided courtesy of Carl Lentz, SVN Alliance Commercial Real Estate Advisors.
MLS #: 1228094 — Daytona Beach Area MLS (DBAMLS).
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