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$450,000

Sale Pending
141 S Oleander Ave, Daytona Beach, FL 32118
6 Beds
4 Baths
2,862 Square Feet
0.09 Acres Lot
Built in 1910
Sale Pending
4 Units
Checked: 13 hours ago
Updated: Jun 14, 2025 at 03:41AM

Investment Summary


Monthly Cash Flow
-$1,659
Cap Rate
1.8%
Cash-on-Cash Return
-19.2%
Debt Coverage Ratio
0.29
Internal Rate of Return (5 years)
-14.6%

Property Description


0.09 Acres Lot
Built in 1910
Sale Pending
4 Units

Investment opportunity by the Beach! This charming 1910 quadplex offers a rare blend of historic character and coastal lifestyle, just 3 blocks from the beach. WIth 6 total bedrooms and four and a half baths across four units, this income-producing property is ideal for long term tenants, or a personal beachside retreat with additional rental income. Each unit boasts its own unique layout, with classic architectural details, hardwood, tile and luxury vinyl floors, with plenty of natural light. The units are individually metered with both electric and water, providing the owner with a higher cap rate than neighboring buildings due to no utility bill. There is ample off-street parking and a prime location close to dining, shops, and entertainment make this a standout property. Zoned for multi-family use and full of potential. Don’t miss your chance to own a piece of old Florida charm near the ocean.

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Location


Property Details


Parking

  • Description: Off Street, Parking Lot, RV Access/Parking
  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab
  • Roof Material: Shingle

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Quadruplex

Lot Information

  • Parcel ID: 530907240150
  • Lot Size: 4050 sqft

Property Information

  • Property Type: Quadruplex
  • Year Built: 1910

Tax Information

  • Annual Tax: $6,620

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Wall/Window Unit(s)

Location

  • County: Volusia

Listing Details


Listed by:
Timothy Harper
REDFIN CORPORATION
(386) 405-3949

Source:
Stellar MLS
MLS#: O6304786
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,659
Cap Rate
1.8%
Cash-on-Cash Return
-19.2%
Debt Coverage Ratio
0.29
Internal Rate of Return (5 years)
-14.6%

Purchase Details

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Purchase price:
$450,000
Amount financed:
-$360,000
Down payment:
$90,000
Closing costs:
$13,500
Rehab costs:
$0
Initial cash invested:
$103,500
Square feet:
2,862
Cost per square foot:
$157
Monthly rent per square foot:
$0.63

Financing Details

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Loan amount:
$360,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$2,349
Property tax:
$552
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,027

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (31%)
31%-$552-$6,620
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (56%)
56%-$1,002-$12,020

Cash Flow


Monthly Yearly
Net operating income:
$690 $8,280
Mortgage payments:
-$2,349 -$28,188
Cash flow:
$1,659 $19,908