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Archived about 2 years ago

$815,000

rooms 4+ ba 7185 sqft

511-515 N Segrave St, Daytona Beach, FL 32114

Commercial Multifamily Occupied Off MLS

Current Rent **

$5,690

Projected Rent **

$7,215

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Gabriel A Pena

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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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** 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.