600 S SEGRAVE STREET
Daytona Beach, FL 32114
$400,000
'Value-Add 4-Plex Investment Opportunity in the Growing South Daytona Corridor Solid block-construction 4-unit multifamily property featuring four spacious 1-bedroom, 1-bath units with functional open-concept layouts, strong occupancy history, and significant long-term rental upside potential. The property has maintained consistent occupancy over multiple years and benefits from strong workforce housing demand driven by proximity to Daytona Beach, major employers, shopping, dining, and several nearby colleges and universities. Recent capital improvements include: Brand-new roof (2025) Updated bathroom vanities (2022) New stoves and refrigerators in Units 1 and 4 (2022) Situated on a desirable corner lot with additional parking and excellent accessibility, the property offers investors a compelling blend of current income, operational stability, and future NOI growth potential. Current rents remain materially below prevailing South Daytona market rates, creating a clear value-add and rent stabilization opportunity for investors seeking long-term cash flow growth and appreciation potential. Comparable market rents for similar 1-bedroom units in the area suggest meaningful upside through gradual rent normalization over time.
Strong candidate for investors seeking:
*Long-term hold strategy
*workforce housing demand
*future cap-rate improvement through stabilization
*Excellent opportunity to acquire a fully occupied income-producing asset with measurable upside in one of Volusia County's established rental corridors."
Listing Courtesy of: ADAMS, CAMERON & CO., REALTORS
386-445-5595
Buyer Represented by: TOWER TEAM REALTY, LLC
| Listing Id: | FC318287 |
|---|---|
| List Price: | $434,000 |
| Close Price: | $400,000 |
| Close Date: | 2026-11-04 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Closed |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 4 |
| Living Area: | 2,016 |
| Tax Annual Amount: | $5,702 |
| Lot Size Square Feet: | 8,800 |
| Lot Size Acres: | 0.2 |
| Waterfront?: | No |
| City: | Daytona Beach |
| County Or Parish: | Volusia |
| Subdivision Name: | Peck Blk 28 Daytona |
| Postal Code: | 32114 |
| Year Built: | 1986 |
| Additional Parcels?: | No |
| Appliances: | Electric Water Heater, Range, Refrigerator |
| Bathrooms Total Integer: | 4 |
| Building Area Source: | Public Records |
| Building Area Total: | 2096 |
| Building Area Units: | Square Feet |
| Carport?: | No |
| Foundation Details: | Slab |
| Construction Materials: | Block, Stucco |
| Cooling: | Central Air |
| Directions: | From ISB head south on US1 turn right (west) on Cedar St. 2 blocks 600 Segrave on the south west corner of Cedar and Segrave |
| Exterior Features: | Sidewalk |
| Garage?: | No |
| Gross Income: | $40,320 |
| Heating: | Central, Electric |
| Interior Features: | Open Floorplan, Thermostat |
| Laundry Features: | None |
| Levels: | One |
| Listing Contract Date: | 2026-05-04 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.2 |
| Lot Size Dimensions: | 80x100 |
| MLS Area Major: | 32114 - Daytona Beach |
| MLS Area Major: | 32114 - Daytona Beach |
| Original List Price: | $449,000 |
| Parcel Number: | 5339-48-00-0010 |
| Township: | 15 |
| Road Surface Type: | Paved |
| Roof: | Shingle |
| Tax Year: | 2025 |
| Senior Community?: | No |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Association?: | No |
| Tenant Pays: | Electricity, Sewer, Trash Collection, Water |
| Total Actual Rent: | $3,360 |
| Utilities: | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
| Water Source: | Public |
| Public Survey Range: | 33 |
| Public Survey Section: | 39 |
| Zoning: | MFR <10 UN |
| Possession: | Close Of Escrow |
| Alternate Key Folio Num: | 3522508 |
| Annual Expenses: | 13392 |
| Annual Net Income: | 26928.00 |
| Backups Requested Yn: | Yes |
| Building Area Total Srch Sq M: | 194.72 |
| Calculated List Price By Calcula: | 215.28 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/FC318287?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/FC318287?w=Customer |
| Dpryn: | Yes |
| Flood Zone Code: | A |
| Flood Zone Date: | 2017-09-29 |
| Flood Zone Panel: | 12127C0359J |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 187.29 |
| Lot Size Square Meters: | 818 |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Total Num Buildings: | 1 |
| Unit Count: | 2 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Individually Metered: | Electric, Sewer, Water |
| Association 2 Yn: | 0 |
| Attribution Contact: | 386-445-5595 |
| Originating System Name : | Stellar MLS |
| Between Us 1 River Yn: | No |
| Number Of Separate Electric Meters: | 4 |
| Number Of Separate Water Meters: | 4 |
| Green Energy Generation Yn: | No |
| Fireplace?: | No |
| Pool Private?: | No |
| New Construction?: | No |
| New Construction?: | No |
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Property Last Updated: November 05, 2026 12:42 AM - ET
