STR Condo Portfolio in Daytona Beach FL
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STR Condo Portfolio in Daytona Beach FL
4 Properties Offered at $1,228,229 CAD in Daytona Beach, FL
Investment Highlights
- Daytona has year-round appeal with several large events throughout the year.
- Management in place and can stay, or you can bring in your own.
- Remodeled units for low maintenance. Fully turnkey furnished.
Executive Summary
Exclusive Investment Opportunity: Premium Oceanfront Condos in Daytona Beach
NOTE: This is for 6 condos spread in 4 different buildings.
We are pleased to present a portfolio of luxury oceanfront condos in the heart of Daytona Beach, now available for acquisition. These properties are not only situated in a prime tourist destination but are also fully optimized for short-term rentals through Airbnb. With a strong history of high occupancy rates and impressive rental income, these condos offer a robust addition to any investment portfolio.
Each unit is meticulously designed with modern amenities and contemporary interiors that appeal to both leisure and business travelers. The properties are strategically located near Daytona's renowned attractions, including the Daytona International Speedway and the vibrant beachfront, ensuring a steady stream of guests year-round.
This offering presents a unique opportunity for brokers to introduce clients to a turnkey investment with substantial revenue potential. The combination of prime real estate, established rental operations, and the booming demand for vacation accommodations in Daytona Beach positions these condos as a high-yield investment.
For detailed financials and to schedule a viewing, please contact us directly. Seize the chance to capitalize on this exceptional market opportunity.
Note: 2022 Hurricanes Ian and Nicole did extensive damage to Daytona including these building’s seawall’s and pools. This has greatly impacted bookings (inquiries to book are still very high until they find out there’s no pool available). Pools in Castaways and Daytona Beach Club are under construction and almost done. Ocean Jewels has 1 pool open. Pirates Cove is still in permitting.
Pro-Forma Gross is 25k/year on the 3 non oceanfront studios, 35k/year on the 2 oceanfront studios and one 1bed oceanview.
Condo fees include ALL utilities. You just pay taxes and whatever insurance you choose.
Get this turnkey portfolio while prices are depressed from hurricane damage. These units were selling for 1.2m before hurricanes and the buildings will be better than ever after these repairs and upgrades.
Investment Highlights
Pro-Forma Gross is 25k/year non oceanfront studios, 35k/year oceanfront studio and 1bed oceanview.
Condo fees include ALL utilities. You just pay taxes and whatever insurance you choose.
Package can also be broken up/sold individually. All are listed in local MLS singly. Listing will be updated as they sell off.
Breakdown is in the excel in the DD section.
NOTE: This is for 6 condos spread in 4 different buildings.
We are pleased to present a portfolio of luxury oceanfront condos in the heart of Daytona Beach, now available for acquisition. These properties are not only situated in a prime tourist destination but are also fully optimized for short-term rentals through Airbnb. With a strong history of high occupancy rates and impressive rental income, these condos offer a robust addition to any investment portfolio.
Each unit is meticulously designed with modern amenities and contemporary interiors that appeal to both leisure and business travelers. The properties are strategically located near Daytona's renowned attractions, including the Daytona International Speedway and the vibrant beachfront, ensuring a steady stream of guests year-round.
This offering presents a unique opportunity for brokers to introduce clients to a turnkey investment with substantial revenue potential. The combination of prime real estate, established rental operations, and the booming demand for vacation accommodations in Daytona Beach positions these condos as a high-yield investment.
For detailed financials and to schedule a viewing, please contact us directly. Seize the chance to capitalize on this exceptional market opportunity.
Note: 2022 Hurricanes Ian and Nicole did extensive damage to Daytona including these building’s seawall’s and pools. This has greatly impacted bookings (inquiries to book are still very high until they find out there’s no pool available). Pools in Castaways and Daytona Beach Club are under construction and almost done. Ocean Jewels has 1 pool open. Pirates Cove is still in permitting.
Pro-Forma Gross is 25k/year on the 3 non oceanfront studios, 35k/year on the 2 oceanfront studios and one 1bed oceanview.
Condo fees include ALL utilities. You just pay taxes and whatever insurance you choose.
Get this turnkey portfolio while prices are depressed from hurricane damage. These units were selling for 1.2m before hurricanes and the buildings will be better than ever after these repairs and upgrades.
Investment Highlights
Pro-Forma Gross is 25k/year non oceanfront studios, 35k/year oceanfront studio and 1bed oceanview.
Condo fees include ALL utilities. You just pay taxes and whatever insurance you choose.
Package can also be broken up/sold individually. All are listed in local MLS singly. Listing will be updated as they sell off.
Breakdown is in the excel in the DD section.
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
Property Facts
| Price | $1,228,229 CAD | Number of Properties | 4 |
| Price / SF | $2.56 CAD / SF | Individually For Sale | 0 |
| Sale Conditions | 1031 Exchange | Total Building Size | 478,972 SF |
| Sale Type | Investment or Owner User | Total Land Area | 7.47 AC |
| Status | Active |
| Price | $1,228,229 CAD |
| Price / SF | $2.56 CAD / SF |
| Sale Conditions | 1031 Exchange |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 478,972 SF |
| Total Land Area | 7.47 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Daytona Beach Club
800 N Atlantic Ave, Daytona Beach, FL 32118 |
Hospitality | 68,190 SF | 1974 | - |
|
Castaways Beach Resort
2043 S Atlantic Ave, Daytona Beach, FL 32118 |
Hospitality | 125,839 SF | 1960 | - |
|
Pirate's Cove Hotel & Resort
3501 S Atlantic Ave, Daytona Beach, FL 32118 |
Hospitality | 101,073 SF | 1972 | - |
|
Ocean Jewels
935 S Atlantic Ave, Daytona Beach, FL 32118 |
Multifamily | 183,870 SF | 1952 | - |
-
Andy Tolbert - HD Realty, Inc.
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STR Condo Portfolio in Daytona Beach FL
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