Property

DAYTONA BEACH, FL 32118 516 PHOENIX AVENUE

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Presented By: EMPIRE NETWORK REALTY with 407-440-3798. - 407-440-3798
  • MLS# O6296060
  • 04/03/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 6
  • SQFT • 2,888

Home Details

Income-Producing 6-Unit Apartment Building Just Steps from Daytona Beach! Prime Location – Walk to Ocean, Bridge & Boardwalk | $8,100 Potential Monthly Income | Cash Buyers Only | This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Key Features: • Location, Location, Location: • Unbeatable Location: • Less than a block from Daytona Beach • 1 block from the newly built Veterans Memorial Bridge (Orange Ave Bridge) • 1 mile from the famous Daytona Beach Boardwalk • Enjoy the beach and breathtaking ocean views just steps away This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Property Highlights: • 6 Units | 9 Beds | 6 Baths • 5 of 6 units currently rented • Coin-operated shared laundry on-site • Mixed unit types including: o One 2 Bed / 1 Bath with full layout o Two 2 Bed / 1 Bath units with two entrances (no living rooms – ideal for roommates or flexible rentals) o Two studio units o One 1 Bed / 1 Bath unit ?? Financial Overview: • Gross potential monthly income: $8,100 • Tenants pay their own electric • No landlord cost for trash or common electricity • Owner pays approx. $350/month for water & gas (shared hot water heater) ??? Condition & Opportunity: • Two units fully renovated • Four units need updating • Property has its own parking lot with 8 spaces • Property was tented in 2020 for termites • New roof needed (no current leaks) • Ideal for investors or contractors — priced with improvements in mind • Cash buyers only due to condition Location Perks: • Less than 1 block to Daytona Beach • 1 block from Veterans Memorial Bridge • 1 mile to Daytona Beach Boardwalk • Ocean views just a minute's walk away Don't miss this excellent chance to invest in an appreciating coastal market with huge upside potential!
Presented By: EMPIRE NETWORK REALTY with 407-440-3798. - 407-440-3798

Interior Features for 516 PHOENIX AVENUE

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths6

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitiesceiling fan(s)
Laundry Featurescommon area

General for 516 PHOENIX AVENUE

Additional Parcels Y/NNo
Building Area Unitssquare feet
Carport Y/NNo
Citydaytona beach
Construction Materialsblock
Coolingmini-split unit(s)
Countyvolusia
Directionsfrom us 92 turn right on s peninsula (sr441), turn left onto phoenix ave. 6 plex on your right.
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
HOANo
Heatingelectric
Land Lease Y/NNo
Legal Descriptione 10 ft of lot 17 & lot 18 & w 5.5 ft of lot 19 carew sub in hustons daytona bch mb 8 pgs 145-146 inc per or 4603 pg 4788 per or 5543 pg 4055 per or 5781 pgs 2385-2386 per or 6847 pg 0230 per or 6880
Levelstwo
Living Area Unitssquare feet
Lot Size Square Feet6480
Lot Size Unitssquare feet
MLS Area32118 - daytona beach/holly hill
ModificationTimestamp2025-04-29t13:53:53.427z
New ConstructionNo
Number Of Units Total6
Ownershipfee simple
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namecarew
Tax Annual Amount5923.56
Tax Lot17
Tax Year2024
Utilitieselectricity connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built1935
Zoning0800-mfr

Exterior for 516 PHOENIX AVENUE

Building Area Total2888
Exterior Amenitiesother
Foundation Detailsslab
Lot Dimensions81 x 80
Lot Size Acres0.15
Lot Size Area6480
Number of Buildings1
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic

Additional Details

Price History

Steven Silcock

Broker Owner
Price $650,000
MLS#O6296060
List Date 04/03/2025
Property Type Income
Phone 407.574.0218
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