John Hester
REALTOR®
BEDS5
BATHS
SQUARE FEET2,972
MLS#O6419368
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONROGERS SEABREEZE
Property Description
STABILIZED CASH COW PRODUCING AN 7.87% CAP RATE ON ASKING (AFTER TAXES, INSURANCE, AND EXPENSES)! 3 STREETS FROM THE BEACH! This is a rare, high-performing asset with a confirmed zoning of up to 10 units, and land use of upto 10 units per the Property Appraiser and zero code violations. This property delivers a strong 7.87% return in its current state, offering a proven track record of reliable income with even further room for appreciation. The property is fully stabilized with long-term tenants on active leases (6-12 months remaining on each lease and they want to renew) who take great pride in the property. Key features include a 2018 roof, solid mechanicals, on-site parking, a common patio area for tenants, and a High and Dry X flood zone designation. AS A BONUS: There is a large storage unit on-site that was previously an apartment and could be converted back for additional revenue. Located walking distance to the Main Street Pier and beach access, the equity here is undeniable: a 4-unit property just two doors down recently sold for $600k-this is verifiable cash flow from day one. Perfect for a 1031 exchange or a portfolio expansion. Units nearby rent as AirBNB or long-term rentals! Call today!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.11 Acres
Roof Type: Shingle
Taxes: $5,720
Year Built: 1910
Amenities
Other
Fence
Private Mailbox
Private Yard
Feature Descriptions
Annual Net Income: 59000.00
Directions: I4 TO 95 OVER THE BRIDGE
Exterior: Brick, Wood Siding
Flood Zone Code: X
Foundation: Block, Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.11
Other Equipment: Private Yard
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Call Before Showing, Call Listing Agent
Special Sale Provisions: None
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: 02BR1
Listed By / Shown By
Listed By
Agency Name: CHARLES RUTENBERG REALTY ORLANDO
Agency Contact: 407-622-2122
Shown By
Agent Name: John Hester
Agent Phone: (813) 468-3018
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 2,362.07 per month $1,666.95 Principal & Interest $476.67 Property Tax $218.46 Homeowner's InsuranceChange Payment Information
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
16 S Grandview Avenue | MLS# O6419368
This multi-family property located at 16 S Grandview Avenue , Daytona Beach, FL 32118 is currently listed for sale with an asking price of $749,000. Search Daytona Beach real estate on jhester.floridaexecutiverealty.com today.