$815,000
511-515 N Segrave St, Daytona Beach, FL 32114
Current Rent **
$5,690
Projected Rent **
$7,215
5 Multifamily & 4 Self-Storage Units (Daytona Beach)
*Please find link to the marketing page here*
https://www.matthews.com/properties/mf-segrave-st-apartments-daytona-beach-fl/
Matthews Real Estate Investment Services™ Is proud to offer The Segrave Apartments located at 511-515 Segrave St, Daytona Beach, FL 32114. This 5-Unit apartment complex is an opportunity for an investor to purchase a proven value-add deal in an extremely high-demand rental market within the Daytona Beach MSA. This opportunity also provides passive cash flow in the form of 4 self-storage units on site. The property consists of a unit mix of (3) One Bedroom/One Bath, (1) Two Bedroom/One Bath, and (1) Three Bedroom/Two Bath units. This asset is situated within close proximity to I-95, Daytona International Speedway, Daytona Beach Golf Club, and is home to the “World’s Most Famous Beach.”
This asset provides a unique “hybrid” investment opportunity merging value-add real estate with a passive cash flow investment.
Description:
5 multifamily Units, 4 Self-Storage Units
Gross Building Square Footage of ±7,185 SF
Multifamily Unit Mix Consists of (3) One Bedroom/One Bath, (1) Two Bedroom/One Bath, and (1) Three Bedroom/Two Bath
Self-Storage portion consists of (2) ±1,400 SF and (2) ±335 SF units
Lot Size: ±0.29 AC
Wood Frame Construction
Central HVAC
Individually Metered Electric
Location:
511-515 N Segrave St, Daytona Beach, FL 32114
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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