BEDS4
BATHS4 full
SQUARE FEET1,080
MLS#NS1089438
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONROWLADERS
Property Description
INVESTMENT OPPORTUNITY! Four-unit multifamily property at 205 Shady Pl in Daytona Beach offering immediate income and meaningful value-add potential. All four units are fully leased and secured by longtime leases, providing an established and stable rental history. The property generates a 5.45 CAP under current market conditions. For investors looking to increase returns, the property offers several opportunities for future income growth. Rents can potentially be increased toward current market levels, while the electrical service can be separated and individually metered for each unit, creating an opportunity to reduce owner-paid expenses. These improvements, combined with the existing rental income, provide an attractive value-add investment strategy. With four occupied units, established tenancy, existing cash flow, and multiple avenues for improving the property's financial performance, this property is well suited for both experienced multifamily investors and those looking to expand their rental portfolio. Convenient Daytona Beach location adds to the property's long-term investment appeal. Buyer to verify all measurements, zoning, utility configurations, leases, expenses, and financial information.
Property Features
Property Type: Residential - Single Family
Cooling: Wall/Window Unit(s)
Heating: Other
Lot Size: 0.11 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $5,569
Year Built: 1950
Amenities
Other
None
Feature Descriptions
Appliances: Range, Refrigerator
Days on Site: 6
Directions: From Beville Rd and Ridgewood Dr:Go north on Ridgewood Dr. Turn right onto Shady Pl. The building is on the right.
Exterior: HardiPlank Type
Flood Zone Code: X500
Flooring: Vinyl
Foundation: Stem Wall
Home Warranty Y/N: No
Lot Dimensions: 0.11
Other Equipment: None
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: MFR
Listed By / Shown By
Listed By
Agency Name: COMPASS FLORIDA LLC
Agency Contact: 407-203-9441
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,596.59 per month $1,001.28 Principal & Interest $464.08 Property Tax $131.22 Homeowner's InsuranceChange Payment Information
205 Shady Place | MLS# NS1089438
This single family home located at 205 Shady Place , Daytona Beach, FL 32114 is currently listed for sale with an asking price of $449,900. This property was built in 1950 and has 4 bedrooms and 4 full baths with 1080 sq. ft. Shady Place is located in the ROWLADERS subdivision. Search ROWLADERS real estate on www.realtymark.net today.