Daytona Beach, Florida, is a prime location for investing in Multi-Family Properties, offering a unique blend of beachside living, motorsports, and educational institutions. With a strong economy driven by tourism, healthcare, and aviation, Daytona Beach presents an attractive opportunity for real estate investors. Multi-Family Properties in Daytona Beach come in various forms, including apartment complexes, condominiums, and townhouses, catering to different investment strategies and goals. The city's amenities, such as its 23 miles of public beaches, waterfront parks, and golf courses, make it an appealing place to live, work, and visit. Additionally, the presence of institutions like Bethune-Cookman University, Daytona State College, and Embry-Riddle Aeronautical University contributes to the city's educational infrastructure. The city's geography, with its location on the Atlantic Ocean and the Halifax River lagoon, also provides a unique setting for Multi-Family Properties. With a population of around 70,000, Daytona Beach offers a stable and growing market for real estate investment. The city's attractions, such as the Daytona International Speedway and the Daytona Beach Pier, also make it a popular destination for tourists and locals alike.
Currently, there are 1 Multi-Family Properties available for sale in Daytona Beach, offering a range of investment opportunities. The average price per square foot for these properties is $148 USD, with an average size of 20,976 square feet. The largest property available is 268,128 square feet. In addition to Multi-Family Properties, Daytona Beach also offers other types of commercial properties, such as Retail Space, with popular shopping centers like the Daytona Beach Mall and the Ocean Walk Shoppes. Shopping Centers, like the Daytona Beach Pier and the Beach Street district, provide a mix of retail, dining, and entertainment options. Residential Income Homes, such as single-family homes and duplexes, are also available in the city. Office Properties, including buildings like the Daytona Beach International Airport's office complex, offer space for businesses and entrepreneurs. Overall, Daytona Beach presents a diverse range of real estate investment opportunities, making it an attractive location for investors and businesses alike.
What is the average cap rate for multi-family properties in the Daytona Beach market?
When it comes to multi-family properties in Daytona Beach, investors can expect an average cap rate of 7.35%, which is a key metric to consider when evaluating potential investments. To better understand the significance of cap rate, it's essential to know what is a cap rate and how it impacts your investment decisions.
What should I know about financing options for buying an apartment building in Daytona Beach?
When considering financing options for buying an apartment building in Daytona Beach, it's essential to understand the local market and available financing options, including commercial real estate loans (CRE loans), which can provide the necessary funding for your investment.
- With 1 available listings of multi-family properties in Daytona Beach, you'll want to research and compare financing options to find the best fit for your investment goals, considering factors such as average cap rates, which are currently at 7.35%, and average prices per square foot, which are around $148 USD.
- Daytona Beach's strong tourism industry, driven by events like Speedweeks and Bike Week, can provide a steady stream of potential renters, making apartment buildings a attractive investment opportunity, and with institutions like Bethune-Cookman University and Embry-Riddle Aeronautical University, there is a consistent demand for student housing.
- For more information on CRE loans and financing options, check out our article at commercial real estate loans, which provides an in-depth guide to navigating the world of commercial property financing.
