Daytona Beach, FL 32118,516 PHOENIX AVE
Daytona Beach, FL 32118,516 PHOENIX AVE
Daytona Beach, FL 32118,516 PHOENIX AVE
Daytona Beach, FL 32118,516 PHOENIX AVE
Daytona Beach, FL 32118,516 PHOENIX AVE
Daytona Beach, FL 32118,516 PHOENIX AVE
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$ 650,000
Est. payment | /mo

7 Beds

6 Baths

2,888 SqFt


$ 650,000
Est. payment | /mo

7 Beds

6 Baths

2,888 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,888 sqft

Price per Sqft $225

Subdivision Carew

MLS Listing ID O6296060

Bedrooms 7

HOA Y/N No

Originating Board Stellar MLS

Year Built 1935

Annual Tax Amount $5,923

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 81x80

Property Sub-Type Multi Family

Property Description

Income-Producing 6-Unit Apartment Building Just Steps from Daytona Beach! Prime Location – Walk to Ocean, Bridge & Boardwalk | $8,100 Potential Monthly Income | Cash Buyers Only | This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions.
Key Features:
• Location, Location, Location:
• Unbeatable Location:
• Less than a block from Daytona Beach
• 1 block from the newly built Veterans Memorial Bridge (Orange Ave Bridge)
• 1 mile from the famous Daytona Beach Boardwalk
• Enjoy the beach and breathtaking ocean views just steps away

This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions.

Property Highlights:
• 6 Units | 9 Beds | 6 Baths
• 5 of 6 units currently rented
• Coin-operated shared laundry on-site
• Mixed unit types including:
o One 2 Bed / 1 Bath with full layout
o Two 2 Bed / 1 Bath units with two entrances (no living rooms – ideal for roommates or flexible rentals)
o Two studio units
o One 1 Bed / 1 Bath unit
?? Financial Overview:
• Gross potential monthly income: $8,100
• Tenants pay their own electric
• No landlord cost for trash or common electricity
• Owner pays approx. $350/month for water & gas (shared hot water heater)
??? Condition & Opportunity:
• Two units fully renovated
• Four units need updating
• Property has its own parking lot with 8 spaces
• Property was tented in 2020 for termites
• New roof needed (no current leaks)
• Ideal for investors or contractors — priced with improvements in mind
• Cash buyers only due to condition
Location Perks:
• Less than 1 block to Daytona Beach
• 1 block from Veterans Memorial Bridge
• 1 mile to Daytona Beach Boardwalk
• Ocean views just a minute's walk away
Don't miss this excellent chance to invest in an appreciating coastal market with huge upside potential!

Location

State FL

County Volusia

Community Carew

Area 32118 - Daytona Beach/Holly Hill

Zoning 0800-MFR

Interior

Interior Features Ceiling Fans(s)

Heating Electric

Cooling Ductless

Fireplace false

Laundry Common Area

Exterior

Exterior Feature Other

Utilities Available Electricity Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level Two

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6296060

Stellar MLS
Listed by EMPIRE NETWORK REALTY
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(407) 378-5600

dgonzalez@homesunlimited.solutions

8803 Futures Drive Unit 10A, Orlando, Florida, 32819, USA

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516 PHOENIX AVE