$400,000
$434,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
2,016 SqFt
SOLD DATE : 11/04/2026
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $198
Subdivision Peck Blk 28 Daytona
MLS Listing ID FC318287
Sold Date 11/04/26
Bedrooms 4
HOA Y/N No
Year Built 1986
Annual Tax Amount $5,702
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 80x100
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
'Value-Add 4-Plex Investment Opportunity in the Growing South Daytona Corridor 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 Peck Blk 28 Daytona
Area 32114 - Daytona Beach
Zoning MFR <10 UN
Interior
Interior Features Open Floorplan, Thermostat
Heating Central, Electric
Cooling Central Air
Fireplace false
Appliance Electric Water Heater, Range, Refrigerator
Laundry None
Exterior
Exterior Feature Sidewalk
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Water Access No
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with Brandon Ford TOWER TEAM REALTY, LLC
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