600 S Segrave Street, Daytona Beach, FL 32114

$449,000
4
BD
4
BA
2,016
SqFt
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List Price
$449,000
MLS#
FC318287
Type
Multifamily
Bedrooms
4
Bathrooms
4
Living Area
2,016
Lot Size
8,800
Subdivision
Peck Blk 28 Daytona
Year Built
1986
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(386) 960-0076

Property Description

'Value-Add 4-Plex Investment Opportunity in the Growing South Daytona Corridor Solid block-construction 4-unit multifamily property featuring four spacious 1-bedroom, 1-bath units with functional open-concept layouts, strong occupancy history, and significant long-term rental upside potential. The property has maintained consistent occupancy over multiple years and benefits from strong workforce housing demand driven by proximity to Daytona Beach, major employers, shopping, dining, and several nearby colleges and universities. Recent capital improvements include: Brand-new roof (2025) Updated bathroom vanities (2022) New stoves and refrigerators in Units 1 and 4 (2022) Situated on a desirable corner lot with additional parking and excellent accessibility, the property offers investors a compelling blend of current income, operational stability, and future NOI growth potential. Current rents remain materially below prevailing South Daytona market rates, creating a clear value-add and rent stabilization opportunity for investors seeking long-term cash flow growth and appreciation potential. Comparable market rents for similar 1-bedroom units in the area suggest meaningful upside through gradual rent normalization over time. Strong candidate for investors seeking: *Long-term hold strategy *workforce housing demand *future cap-rate improvement through stabilization *Excellent opportunity to acquire a fully occupied income-producing asset with measurable upside in one of Volusia County's established rental corridors."

(386) 960-0076
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Additional Information

Community Features
No Deed Restriction
Style
Quadruplex
Interior
Open Floorplan, Thermostat
Interior Features
Open Floorplan, Thermostat
Appliances
Electric Water Heater, Range, Refrigerator
Exterior Construction
Block, Stucco
Exterior
Sidewalk
Roof
Shingle
Utilities
Cable Available, Electricity Connected, Sewer Connected, Water Connected
Heating
Central, Electric
Cooling
Central Air
Pool Type
No Pool
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Listing courtesy of ADAMS, CAMERON & CO., REALTORS.

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