4 Beds
4 Baths
2,016 SqFt
4 Beds
4 Baths
2,016 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $222
Subdivision Not In Subdivision
MLS Listing ID 1218872
Bedrooms 4
Full Baths 4
Year Built 1986
Annual Tax Amount $5,212
Lot Size 8,712 Sqft
Lot Dimensions 0.2
Property Sub-Type Quadruplex
Source Daytona Beach Area Association of REALTORS®
Property Description
Solid block-construction 4-unit multifamily property featuring four spacious 1-bedroom, 1-bath units with functional open-concept layouts, strong occupancy history, and significant long-term rental upside potential.
The property has maintained consistent occupancy over multiple years and benefits from strong workforce housing demand driven by proximity to Daytona Beach, major employers, shopping, dining, and several nearby colleges and universities.
Recent capital improvements include:
Brand-new roof (2025)
Updated bathroom vanities (2022)
New stoves and refrigerators in Units 1 and 4 (2022)
Situated on a desirable corner lot with additional parking and excellent accessibility, the property offers investors a compelling blend of current income, operational stability, and future NOI growth potential.
Current rents remain materially below prevailing South Daytona market rates, creating a clear value-add and rent stabilization opportunity for investors seeking long-term cash flow growth and appreciation potential. Comparable market rents for similar 1-bedroom units in the area suggest meaningful upside through gradual rent normalization over time.
Strong candidate for investors seeking:
*Long-term hold strategy
*workforce housing demand
*future cap-rate improvement through stabilization
*Excellent opportunity to acquire a fully occupied income-producing asset with measurable upside in one of Volusia County's established rental corridors."
Location
State FL
County Volusia
Community Not In Subdivision
Direction From ISB head south on US1 turn right (west) on Cedar St. 2 blocks 600 Segrave on the south west corner of Cedar and Segrave
Interior
Heating Central, Electric, Separate Meters
Cooling Separate Meters
Exterior
Parking Features Additional Parking, Circular Driveway, Guest
Utilities Available Cable Available, Electricity Connected, Separate Electric Meters, Sewer Connected, Sewer Not Available
Roof Type Shingle
Garage No
Building
Lot Description Corner Lot
Water Public
Structure Type Block,Stucco
New Construction No
Schools
Middle Schools Campbell
High Schools Atlantic
Others
Senior Community No
Tax ID 5339-48-00-0010
Acceptable Financing Assumable, Cash, Conventional, FHA, VA Loan
Listing Terms Assumable, Cash, Conventional, FHA, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/stellar/FC318287#tour
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