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205 SHADY PLACE

House For Sale
$449,900

BTC: 5.38029180

ETH: 184.99177632

8 days
4 bds
4 ba
1,080 sqft

Overview

INVESTMENT OPPORTUNITY! Four-unit multifamily property at 205 Shady Pl in Daytona Beach offering immediate income and meaningful value-add potential. All four units are fully leased and secured by longtime leases, providing an established and stable rental history. The property generates a 5.45 CAP under current market conditions. For investors looking to increase returns, the property offers several opportunities for future income growth. Rents can potentially be increased toward current market levels, while the electrical service can be separated and individually metered for each unit, creating an opportunity to reduce owner-paid expenses. These improvements, combined with the existing rental income, provide an attractive value-add investment strategy. With four occupied units, established tenancy, existing cash flow, and multiple avenues for improving the property's financial performance, this property is well suited for both experienced multifamily investors and those looking to expand their rental portfolio. Convenient Daytona Beach location adds to the property's long-term investment appeal. Buyer to verify all measurements, zoning, utility configurations, leases, expenses, and financial information.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1950
Lot:
0.11 Acres
Heating:
Other
Price/sqft:
$417
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$5,569
2025
All facts and features
  • Flooring

    • Vinyl

    Heating

    • Other

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Range

    • Refrigerator

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 4

  • Property

    • Levels: Two

    • Exterior Features: None

    Lot

    • Lot: 0.11 Acres

    Other Property Information

    • Parcel Number: 533964000390

    • Zoning: MFR

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,570

  • Source details

    • MLS ID: NS1089438

    Other facts

    • Construction Materials: HardiPlank Type

    • Foundation Details: Stem Wall

    • Laundry Features: Other

    • Direction Faces: North

    • Living Area: 1080

    • Water Source: Public

    • Lot Size Dimensions: 50 x 100

    • Subdivision Name: ROWLADERS ADD 03 DAYTONA

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COMPASS FLORIDA LLC