516 PHOENIX AVENUE DAYTONA BEACH FL 32118 MLS #O6296060

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!