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32119 Zip Code Multi-Family Real Estate & Homes

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$1,600,000
10 Beds 11 Baths Condo At Georgetown SubDv. 32119 Zip Code
Georgetown Lake 25-Unit 1BR Condo Portfolio | Stabilized Investment Opportunity Offered for sale is a rare, concentrated portfolio of 25 stabilized 1-bedroom, 1-bathroom condominium units within Georgetown Lake (Georgetowne Lake Condominiums) at 1600 Big Tree Rd, Daytona Beach/South Daytona, FL. All units are approximately 630 SF and located in a well-amenitized, professionally managed, 167-unit community. This portfolio is currently 23/25 occupied, with most leases running through next year, providing immediate in-place cash flow and minimal lease-up risk. The units have been under the same third-party property management company for years, with full historical records available, including rent rolls, lease documents, maintenance logs, financials, and upgrade history. This long management history allows a buyer to step into a clean, well-documented operation with a smooth transition. Georgetown Lake offers residents a full amenity package, including a community pool, tennis court, fitness center, clubhouse, landscaped grounds, and on-site management. Each unit has one assigned parking space plus access to guest parking. The community's one-year minimum lease requirement supports a stable, long-term resident base and reduces turnover compared to short-term or transient rentals. Located just minutes from I-95 and I-4, Daytona International Speedway, Daytona State College, Bethune-Cookman University, major employers, retail corridors, and a short drive to the beach, Georgetown Lake consistently attracts strong demand from students, young professionals, workforce tenants, and retirees seeking affordable, amenity-rich housing. This offering gives investors: A 25-unit, all 1BR/1BA portfolio in a 167-unit garden-style condo community 24/25 units occupied with leases largely in place through next year Long-term professional management with complete documentation for underwriting Desirable community amenities and on-site management that support occupancy and retention Operational efficiency and scalability from owning multiple units in a single location Upside potential through rent optimization and strategic interior upgrades over time This is an opportunity to acquire a turnkey, stabilized, and easily managed condo portfolio in a high-demand submarket of Daytona/South Daytona with strong fundamentals and clear upside.

1600 Big Tree Road, South Daytona

$400,000
Ganymede SubDv. 32119 Zip Code
Tremendous opportunity to acquire a turnkey DUPLEX in the heart of South Daytona; right across the street from public boat ramp at Vets Memorial Park. This property is HIGH and DRY so flood insurance is not required, nor has it experienced any flooding issues. Proximity to I-95/I-4 is excellent, located on a quiet street, and a five min. drive to Fysh (new restaurant on Dunlawton). You're also close to the speedway, beach street, and ocean access. Property has been very well cared for by current owner for the past 12 years. Professionally managed with long-term tenants in place. Built in 2005, no major repairs are needed. A/c has been replaced in one unit. Each unit is a 2/2 with a 1 car garage and fenced yards. Each side has an interior laundry room. Leases expire soon and market rent per current comps indicate $1500/side. Could also be a great opportunity for an owner-occupant to live in one side and rent the other. "The City of South Daytona is a community of over 14,000 residents located on the picturesque banks of the Halifax River in east Volusia County. With a palm lined business corridor, the community is predominately residential with a small-town ambiance and waterway access that epitomizes the Florida lifestyle. The City encompasses four square miles, bordered on the south by Port Orange and Daytona Beach to the north. Its compact size and hometown atmosphere promote a friendly and relaxed quality of life. It is located only minutes away from the World acclaimed Atlantic Ocean beaches that attract more than 8 million visitors a year. Well-kept residential areas, excellent schools, beautiful public parks, abundant shopping and dining opportunities, and a responsive city government make South Daytona a great place to live, work. and play. South Daytona is a Small City with Big Economic Opportunities. The City is experiencing unprecedented growth with new construction of luxury apartments, condominiums, and town-homes."

2053 Anastasia Drive, South Daytona

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