Sold

600 S Segrave St, Daytona Beach, FL 32114

Beds
4
Baths
4
Sqft
2,016

View property features, location on map, relevant school information and overview from seller's agent.

Listed byADAMS, CAMERON & CO., REALTORS
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Overview

''Value-Add 4-Plex 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-add and 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:

*Long-term hold strategy
*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."

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Number of bedrooms
4
Number of bathrooms
4
Square feet
2,016
Lot size (acres)
0.20
Year built
1986

Interior features

Laundry
None

Utilities

Heating
Central, Electric
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$5,212.51

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Daytona Beach MLS®#: 1218872 Last checked:

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.