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$650,000
64 Days On Site

516 PHOENIX AVENUE
DAYTONA BEACH, FL 32118

For Sale|Multi Family|Active
7
Beds
6
Total Baths
2,888
SqFt
$225
/SqFt
1935
Built
Subdivision:
CAREW
County:
Volusia
Call Now: 386-847-7454
Is this the listing for you? We can help make it yours.
386-847-7454
516 PHOENIX AVENUE516 PHOENIX AVENUE516 PHOENIX AVENUE516 PHOENIX AVENUE
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Monthly Payment (Est.)

$2,966
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

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!

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Listing Snapshot
Price 
$650,000
Days On Site 
64 Days
Bedrooms 
7
Inside Area (SqFt) 
2,888 sqft
Total Baths 
6
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.15 Acres
Year Built 
1935
MLS® Number 
O6296060
Status 
Active
Property Tax 
$5,923.56
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.15
Foundation 
Slab
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
2888
Stories 
Two
Utilities 
Electricity Connected
Water Source 
Public
Zoning 
0800-MFR
Interior Features
Cooling 
Ductless
Heating 
Electric
Laundry Features 
Common Area
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Exterior Features
Construction Details 
Block
Exterior 
Other
Roof 
Shingle
Community Features
MLS Area 
32118 – Daytona Beach/Holly Hill
Roads 
Asphalt
Township 
15S
Listing courtesy of EMPIRE NETWORK REALTY 4079254542



Listing information is provided by Participants of the Stellar MLS. 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. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-06-07 07:44 AM EDT

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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