205 SHADY PLACE, DAYTONA BEACH, FL 32114
$449,900 · Active
MLS #NS1089438
- Price
- $449,900
- Status
- Active
- Bedrooms
- 4
- Bathrooms
- 4
- Living area
- 1,080 sq ft
- Home type
- Single Family Residence
- Year built
- 1950
- Lot size
- 0.11 acres
- Full bathrooms
- 4
- Half bathrooms
- 0
- Private pool
- No
- Waterfront
- No
- New construction
- No
- HOA
- No
- 55+ community
- No
- Levels
- Two
- County
- Volusia
- Annual property taxes
- $5,569.89
- Subdivision
- ROWLADERS ADD 03 DAYTONA
- Appliances & Equipment
- Range · Refrigerator · Other equipment: None
- Bathrooms
- 4 total bathrooms · 4 full bathrooms
- Bedrooms
- 4 total bedrooms
- Building
- Built in 1950 · Living area: 1080 · Living area units: Square Feet · Building faces North · 2 stories · Levels: Two · Construction Materials: HardiPlank Type
- Cooling
- Wall/Window Unit(s)
- Exterior Features
- None
- Floors
- Vinyl
- Foundation
- Stem Wall
- Lot
- 0.11 acres · Dimensions: 50x100
- Property
- Completed
- Roof
- Shingle
- Sewer
- Public Sewer
- Utilities
- Electricity Connected · Sewer Connected · Water Connected · Water Source: Public
About this home
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.
Courtesy of COMPASS FLORIDA LLC 407-203-9441
Schedule A Tour Have a question before touring?Contact LPT Realty at (877) 366-2213 to ask about this home.