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Active Residential

16 S GRANDVIEW AVENUE

Daytona Beach, FL 32118

STELLAR #O6419368 Updated: Jun 24, 2026, 9:38am
$749,000
5 Beds • 8 Baths • 2,972 SqFt
Property
ActiveResidential
1/45
$749,000

16 S GRANDVIEW AVENUE

Daytona Beach, FL 32118
5
Beds
8
Baths
2,972
SqFt
0.11
Acres
STELLAR
#O6419368
Updated: Jun 24, 2026, 9:38am

Property Description

STABILIZED CASH COW PRODUCING AN 7.87% CAP RATE ON ASKING (AFTER TAXES, INSURANCE, AND EXPENSES)! 3 STREETS FROM THE BEACH! This is a rare, high-performing asset with a confirmed zoning of up to 10 units, and land use of upto 10 units per the Property Appraiser and zero code violations. This property delivers a strong 7.87% return in its current state, offering a proven track record of reliable income with even further room for appreciation. The property is fully stabilized with long-term tenants on active leases (6–12 months remaining on each lease and they want to renew) who take great pride in the property. Key features include a 2018 roof, solid mechanicals, on-site parking, a common patio area for tenants, and a "High and Dry" X flood zone designation. AS A BONUS: There is a large storage unit on-site that was previously an apartment and could be converted back for additional revenue. Located walking distance to the Main Street Pier and beach access, the equity here is undeniable: a 4-unit property just two doors down recently sold for $600k—this is verifiable cash flow from day one. Perfect for a 1031 exchange or a portfolio expansion. Units nearby rent as AirBNB or long-term rentals! Call today!

Property Details

Interior
Cooling
Wall/Window Unit(s)
Heating
Wall Units / Window Unit
Interior Features
Other
Laundry Features
Laundry Room
Living Area
2972
Construction
Building Area Units
Square Feet
Construction Materials
BrickWood Siding
Foundation Details
BlockSlab
Living Area Source
Public Records
Living Area Units
Square Feet
Roof
Shingle
Year Built
1910
Site & Exterior
Exterior Features
FencedPrivate MailboxPrivate Yard
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
0.11
Lot Size Area
5000
Lot Size Dimensions
50 x 100
Lot Size Square Feet
5000
Lot Size Units
Square Feet
Public Survey Range
33E
Public Survey Section
04
Road Surface Type
Paved
Sewer
Public Sewer
Total Acreage
0 to less than 1/4
Utilities
Public
Water Source
Public
Zoning
02BR1
Financials
Calculated List Price By Calculated Sq Ft
252.02
Contract Status Change Date
2026-06-23
Current Price
749000
Feed Types
BBO
Ownership
Fee Simple
Parcel Number
530401110050
Public Survey Township
15S
Tax Annual Amount
5720.83
Tax Block
11
Tax Book Number
MB14-80
Tax Legal Description
LOT 5 BLK 11 ROGERS SEABREEZE DB O PG 301 PER OR 3987 PG 0600 PER OR 8496 PG 3553 PER OR 8674 PGS 1438 THRU 1439 INC PER OR 8680 PG 3564
Tax Lot
5
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
32118 - Daytona Beach/Holly Hill
Subdivision Name
ROGERS SEABREEZE
Listing provided courtesy of STELLAR via IDX. Updated: Jun 24, 2026, 9:38am.
Husain Jaffer

Listing Agent

CHARLES RUTENBERG REALTY ORLANDO

Call Agent
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