205 SHADY PLACE
Daytona Beach, FL 32114
$449,900
INVESTMENT OPPORTUNITY! Four-unit multifamily property at 205 Shady Pl in Daytona Beach offering immediate income and meaningful value-add potential. All four units are fully leased and secured by longtime leases, providing an established and stable rental history. The property generates a 5.45 CAP under current market conditions. For investors looking to increase returns, the property offers several opportunities for future income growth. Rents can potentially be increased toward current market levels, while the electrical service can be separated and individually metered for each unit, creating an opportunity to reduce owner-paid expenses. These improvements, combined with the existing rental income, provide an attractive value-add investment strategy. With four occupied units, established tenancy, existing cash flow, and multiple avenues for improving the property's financial performance, this property is well suited for both experienced multifamily investors and those looking to expand their rental portfolio. Convenient Daytona Beach location adds to the property's long-term investment appeal. Buyer to verify all measurements, zoning, utility configurations, leases, expenses, and financial information.
Listing Courtesy of: COMPASS FLORIDA LLC
407-203-9441
| Listing Id: | NS1089438 |
|---|---|
| List Price: | $449,900 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 4 |
| Living Area: | 1,080 |
| Tax Annual Amount: | $5,570 |
| Lot Size Square Feet: | 5,000 |
| Lot Size Acres: | 0.11 |
| Waterfront?: | No |
| City: | Daytona Beach |
| County Or Parish: | Volusia |
| Subdivision Name: | Rowladers Add 03 Daytona |
| Postal Code: | 32114 |
| Year Built: | 1950 |
| Appliances: | Range, Refrigerator |
| Bathrooms Total Integer: | 4 |
| Building Area Source: | Public Records |
| Building Area Total: | 2160 |
| Building Area Units: | Square Feet |
| Direction Faces: | North |
| Foundation Details: | Stem Wall |
| Construction Materials: | HardiPlank Type |
| Cooling: | Wall/Window Unit(s) |
| Directions: | From Beville Rd and Ridgewood Dr: Go north on Ridgewood Dr. Turn right onto Shady Pl. The building is on the right. |
| Exterior Features: | None |
| Flooring: | Vinyl |
| Furnished: | Unfurnished |
| Heating: | Other |
| Interior Features: | Other |
| Laundry Features: | Other |
| Levels: | Two |
| Listing Contract Date: | 2026-10-09 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.11 |
| Lot Size Dimensions: | 50x100 |
| Postal Code Plus4: | 7231 |
| MLS Area Major: | 32114 - Daytona Beach |
| MLS Area Major: | 32114 - Daytona Beach |
| Original List Price: | $449,900 |
| Other Equipment: | None |
| Parcel Number: | 5339-64-00-0390 |
| Stories Total: | 2 |
| Township: | 15S |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | Electricity Connected, Sewer Connected, Water Connected |
| Water Source: | Public |
| Property Condition: | Completed |
| Public Survey Range: | 33E |
| Public Survey Section: | 39 |
| Zoning: | MFR |
| Alternate Key Folio Num: | 533964000390 |
| Association Approval Required Yn: | No |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 200.67 |
| Calculated List Price By Calcula: | 416.57 |
| Cddyn: | No |
| Exist Lse Tenant Yn: | Yes |
| Flood Zone Code: | X500 |
| Flood Zone Date: | 2017-09-29 |
| Flood Zone Panel: | 12127C0359J |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Lease Restrictions Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 100.34 |
| Lot Size Square Meters: | 465 |
| Minimum Lease: | 6 Months |
| Month To Month Or Weekly Yn: | No |
| Room Count: | 6 |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Zoning Compatible Yn: | Yes |
| Road Responsibility: | Public Maintained Road |
| Association 2 Yn: | 0 |
| Attribution Contact: | 407-203-9441 |
| Originating System Name : | Stellar MLS |
| Between Us 1 River Yn: | Yes |
| Dock Yn: | No |
| In Law Suite Yn: | No |
| Green Energy Generation Yn: | No |
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Property Last Updated: October 14, 2026 03:07 AM - ET
