600 S Segrave Street, Daytona Beach, FL 32114
Local realty services provided by:ERA Grizzard Real Estate
Listed by: janet lustik
Office: adams, cameron & co., realtors
MLS#:1220451
Source:FL_DBAAR
Price summary
- Price:$434,000
- Price per sq. ft.:$207.06
About this home
''Value-Add 4-Plex Fully Occupied 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-a 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:
*value-add multifamily
*Long-Term Cash FLow
*Potential 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."
*Stable Occupancy
*Rent growth opportunity
*Recent major capital improvements
*South Daytona Rental Market Exposure
Yearly Income $40,320
Yearly Expenses $13,392.00. Water/Elec/Ins/Flood Ins/License...
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Home facts
- Year built:1986
- Subdivision & Development:Not on the List
- Listing ID #:1220451
- Added:308 day(s) ago
- Updated:October 06, 2026 at 08:46 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:2
- Flooring:Tile
- Living area:2,016 sq. ft.
Heating and cooling
- Heating:Central, Electric
Structure and exterior
- Year built:1986
- Building area:2,016 sq. ft.
- Lot area:0.2 Acres
- Lot Features:Corner Lot
Schools
- High school:Atlantic
- Middle school:Campbell
Finances and disclosures
- Price:$434,000
- Price per sq. ft.:$207.06
- Tax amount:$5,702 (2025)
Parking
- Parking description:Guest
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