222 OLEANDER

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SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire 222 Oleander. 222 Oleander is located in Daytona Beach, FL, and is made up of 3 buildings, side-by-side, for a total of 17-units. Units are a mix of studio and one-bedroom/one-bathroom with an average size of 424 Sq. Ft. Given the location in a Daytona Beach Redevelopment Zone, the 222 Oleander is an ideal candidate for a full short-term rental conversion. A new owner would implement a full property renovation to unlock a 100% two-year ROI. 222 Oleander is conveniently located within minutes of Daytona Beach attractions to include the Daytona Lagoon, Ocean Walk Shoppes, Daytona Beach Main Street Pier, and more.

Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.

17
UNITS

7,200
SQFT

1945, 1948
YEAR BUILT

PRICED AT
$1,330,000

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VITAL PROPERTY DATA

  • Oleander Address: 218, 220, 222 & 228 N Oleander Ave, Daytona Beach, FL 32118

  • NUMBER OF UNITS: 17 Units

  • RENTABLE SQUARE FOOT: 7,200 SF

  • AVERAGE UNIT SIZE: 424 SF

  • NUMBER OF BUILDINGS: (3) Residential

  • LOT SIZE: 0.42 Acres +/-

  • FINANCING: Free and Clear

ATTRACTIVE LOCATION FOR SHORT-TERM RENTAL

  • Ability To Achieve a 16.8% Year One Cap Rate By Converting the Asset Into a Short-Term Rental Property.

  • Located Within Walking Distance to Local Tourist Attractions (Daytona Lagoon, Daytona Beach Main Street Pier, Ocean Walk Shoppes)

  • Located Within Steps of the Ocean Center Convention Center, Over 100,000 SF of Event And Meeting Space.

  • Less Than 5 Miles to the Daytona International Speedway and Daytona Beach International Airport.

CENTRALIZED LOCATION TO AREA RECREATION

  • Less Than 1-Minute to Daytona Lagoon Water Park

  • Less Than 1-Minute to Ocean Center Convention Center

  • 2-Minutes to Ocean Walk Shoppes (Shopping Mall)

  • 2-Minutes to Peabody Auditorium (Performing Arts Theater)

  • 3-Minutes to Daytona Boardwalk Amusement Park

  • 3-Minutes to Daytona Beach Main Street Pier

  • 3-Minutes to Breakers Oceanfront Park

  • 7-Minutes to Downtown Daytona Beach

  • 8-Minutes to Bethune-Cookman University

  • 15-Minutes to Daytona International Speedway

  • 20-Minutes to Daytona Beach International Airport

DAYTONA BEACH: AN EXPANDING ECONOMY

  • #6 Fastest Growing Places 2020 (U.S. News & World Report)

  • #12 Best Places to Live in Florida 2020 (U.S. News & World Report)

  • #15 Best Places to Retire 2020 (U.S. News & World Report)

  • #74 Best Places to Live in the US 2020 (U.S. News & World Report)

  • 12.3% Population Growth (2010-2018)

  • Deltona-Daytona Beach – Ormond Beach MSA Population of 553,284

DEAL TEAM CONTACTS

Jhamil Moore
Investment Associate
O. (407) 557-3830
Jhamil.Moore@marcusmillichap.com

Benjamin Skinner
Associate Director | Senior Investment Associate
O. (407) 557-3889
Benjamin.Skinner@marcusmillichap.com

Matthew Prozzillo
Associate Director | Senior Investment Associate
O. (407) 557-3888
Matthew.Prozzillo@marcusmillichap.com

Contact an Agent Listed Above to Schedule Property Tours