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$449,900

INVESTMENT OPPORTUNITY! Four-unit multifamily property at 205 Shady Pl in Daytona Beach offering immediate income and meaningful value-add potential. All four units are fully leased and secured by longtime leases, providing an established and stable rental history. The property generates a 5.45 CAP under current market conditions. For investors looking to increase returns, the property offers several opportunities for future income growth. Rents can potentially be increased toward current market levels, while the electrical service can be separated and individually metered for each unit, creating an opportunity to reduce owner-paid expenses. These improvements, combined with the existing rental income, provide an attractive value-add investment strategy. With four occupied units, established tenancy, existing cash flow, and multiple avenues for improving the property's financial performance, this property is well suited for both experienced multifamily investors and those looking to expand their rental portfolio. Convenient Daytona Beach location adds to the property's long-term investment appeal. Buyer to verify all measurements, zoning, utility configurations, leases, expenses, and financial information.

4 Beds ⋅ 4 Baths ⋅ Rowladers Add 03 Daytona SubDv. ⋅ 32114 Zip Code

205 Shady Place, Daytona Beach

$105,000

**BIG POTENTIAL. SMALL PRICE TAG. DAYTONA OPPORTUNITY AT $120,000!** Here is something that makes this opportunity especially interesting: the property is located in a **Tourist Office Restaurant zoning area, where short-term rentals are permitted**. It can also be used as a traditional single-family residence or longer-term rental, giving a future owner multiple possibilities for how to put this property to work. Short-term rental use is subject to applicable licensing, registration, and other requirements. Priced at just **$120,000**, this two-bedroom, one-bath Daytona home is definitely a project, but it offers the kind of price point, flexibility, and upside that can be difficult to find. There is already plenty of character to build on, including **hardwood floors, mature trees, a covered and enclosed front porch, and a rear deck** that adds additional outdoor living space. Inside, the oversized **11' x 22' living room** creates even more possibilities. Keep it as one generous gathering space, divide it into multiple living areas, or explore reconfiguring a portion of the room to create a **potential third bedroom**, subject to applicable building and permitting requirements. Yes, this home needs work, but that is exactly where the opportunity begins. Whether you are an investor looking for your next project, a buyer hoping to build sweat equity, or someone looking for a potential short-term or long-term rental, there is a lot here to get excited about. At this price point, you are not paying for someone else's renovation or design choices. You are getting **two bedrooms, one bath, hardwood floors, flexible living space, an enclosed front porch, a back deck, mature trees, multiple potential uses, and a whole lot of upside.** Bring your imagination, bring your toolbox, and come see just how far **$120,000 in Daytona Beach** might take you.

2 Beds ⋅ 1 Baths ⋅ Rowladers Add 03 Daytona SubDv. ⋅ 32114 Zip Code

202 Shady Place, Daytona Beach

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How much is your home worth?