16 S Grandview Avenue, Daytona Beach, FL 32118

Daytona Beach
Local realty services provided by:Bingham Realty ERA Powered
16 S Grandview Avenue,Daytona Beach, FL 32118
$749,000
  • 5 Beds
  • 8 Baths
  • 2,972 sq. ft.
  • Multi-family
  • Active
Listed by: husain jaffer
Office: charles rutenberg realty orlando
MLS#:O6419368
Source:MFRMLS

Price summary

  • Price:$749,000
  • Price per sq. ft.:$252.02

About this home

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...

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Home facts

  • Year built:1910
  • Listing ID #:O6419368
  • Added:1 day(s) ago
  • Updated:June 24, 2026 at 02:03 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:8
  • Basement Description:Block
  • Living area:2,972 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Ductless

Structure and exterior

  • Roof:Shingle
  • Year built:1910
  • Building area:2,972 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Brick, Wood Siding
  • Exterior Features:Fence, Private Mailbox
  • Foundation Description:Block, Slab
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public, Public Sewer

Finances and disclosures

  • Price:$749,000
  • Price per sq. ft.:$252.02
  • Tax amount:$5,721 (2025)

Features and amenities

  • Laundry features:Laundry Room
  • Pool features:Public Pool
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