440 S Caroline St, Daytona Beach, FL 32114
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440 S Caroline St,Daytona Beach, FL 32114
$215,000
- 0 Acres
- Lots / Land
- Active
Listed by: sagrario garcia
Office: sfrmc realty305-915-8210
MLS#:A12066391
Source:SEFMLS
Price summary
- Price:$215,000
About this home
The property is ideally located less than 10 minutes from the beach and in close proximity to major thoroughfares including I-95 and Hwy A1A. It’s also near Daytona Beach International Airport, Daytona State College, Bethune-Cookman University, and top-rated schools such as Spruce Creek High and Tomoka Elementary. This offering presents a significant opportunity to develop a new rental property with strong income potential ( 7.5% cap rate) in a desirable, well-connected location. The owner is including the architectural concept design approved by the authorities. PROPOSED PROJECT TO BE DONE IN THE LAND: 8 APARTMENTS
FEASIBILITY ANALYSIS:
8 apartments, Area per unit: 754 sqft, Total area of construction: 6,032 sqft, Cost per each sqft: $150
A 13.12% capitalization rate (cap rate) on a proposed project to be done in the land
Available upon request. PRICE NEGOTIABLE
Contact an agent
Home facts
- Subdivision & Development:DAYTONA GARDENS PLAT 6
- Listing ID #:A12066391
- Updated:November 15, 2026 at 10:58 AM
Utilities
- Water:Public
Finances and disclosures
- Price:$215,000
- Tax amount:$1,024 (2025)
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