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$7,900,000
Est. payment /mo
10,000 SqFt
UPDATED:
01/15/2025 11:40 PM
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $790
MLS Listing ID 1207981
Originating Board Daytona Beach Area Association of REALTORS®
Year Built 1987
Annual Tax Amount $79,513
Lot Size 4.055 Acres
Lot Dimensions 4.05
Property Sub-Type Multi Family
Property Description
eXp Realty Commercial, as the exclusive advisor, is pleased to present CASA ARIA, a 50-unit, Class B luxury apartment home community in vibrant Daytona Beach, Florida. This exceptional property offers a mix of thoughtfully designed 1, 2 and 3 bedroom floor plans, catering to diverse resident needs.
Set across 10 meticulously maintained acres with six beautifully renovated buildings, CASA ARIA has experienced remarkable leasing rate growth since the commencement of its extensive renovation and beautification project in 2022/2023.
Strategically located on Clyde Morris Boulevard, the property boasts high visibility with over 34,000 vehicles passing daily. Residents enjoy unparalleled convenience with proximity to major highways, Daytona Beach International Airport, business hubs, shopping, dining, and recreation. An added advantage of this opportunity is the assumable loan feature, offering a seamless transition for investors looking to maximize returns while minimizing financing hurdles.
CASA ARIA represents a rare opportunity to acquire a premier luxury rental community in one of Daytona Beach's most desirable and high-growth submarkets. The area continues to flourish, supported by strong economic development and population growth, ensuring long-term stability and demand.
Key Highlights:
Unit Mix: Modern 1, 2, and 3 bedroom floor plans.
Prime Location: High traffic exposure and connectivity to essential amenities.
Renovated Appeal: Significant upgrades completed in 2022, offering residents a quality lifestyle.
Market Growth: Situated in a thriving submarket with increasing demand for quality housing.
Seize the chance to be part of Daytona Beach's thriving real estate market - this is the investment opportunity you've been waiting for!
Set across 10 meticulously maintained acres with six beautifully renovated buildings, CASA ARIA has experienced remarkable leasing rate growth since the commencement of its extensive renovation and beautification project in 2022/2023.
Strategically located on Clyde Morris Boulevard, the property boasts high visibility with over 34,000 vehicles passing daily. Residents enjoy unparalleled convenience with proximity to major highways, Daytona Beach International Airport, business hubs, shopping, dining, and recreation. An added advantage of this opportunity is the assumable loan feature, offering a seamless transition for investors looking to maximize returns while minimizing financing hurdles.
CASA ARIA represents a rare opportunity to acquire a premier luxury rental community in one of Daytona Beach's most desirable and high-growth submarkets. The area continues to flourish, supported by strong economic development and population growth, ensuring long-term stability and demand.
Key Highlights:
Unit Mix: Modern 1, 2, and 3 bedroom floor plans.
Prime Location: High traffic exposure and connectivity to essential amenities.
Renovated Appeal: Significant upgrades completed in 2022, offering residents a quality lifestyle.
Market Growth: Situated in a thriving submarket with increasing demand for quality housing.
Seize the chance to be part of Daytona Beach's thriving real estate market - this is the investment opportunity you've been waiting for!
Location
State FL
County Volusia
Direction Going west on Beville Road, make a left (Going South) on Clyde Morris Boulevard and the subject property will be on the right hand side approximately 1 mile.
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Parking Lot
Roof Type Shingle
Building
Lot Description Few Trees
Structure Type Block
Others
Senior Community No
Tax ID 5331-00-03-0200
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Listed by EXP Realty LLC