Branches East Apartments for Sale
416 N. Grandview Avenue, Daytona Beach, Florida 32118
Sold: $824,500
Property Details
Property Type
Residential
Building Type
Freestanding
Building Size
23,000 sqft
Land Size
0.94 acres
Units
28
Sewer
City
Water
City
Zoning
Residential-MF
Electric
At Site
Year Built
1973
Parking
37 Spaces (21 Covered)
Lease Type
896000
Construction
Concrete / Masonry Walls
Property Description
- The Branches East Apartments is a unique property consisting of 28 multifamily units
- It is situated in three buildings on almost an acre of property on North Grandview Avenue in Daytona Beach, Florida, one block west of SR A1A (Atlantic Avenue)
- The buildings are two-stories, block construction and were built in 1973
- There are 37 parking spaces on site, 21 of which are under carports that were rebuilt in 2011
- The roofs were replaced with architectural shingles in 2005 including new plywood, soffits and fascia
- The property is located in Daytona Beach’s beachside tourism district, which is home to a considerable amount of retail and employment in the area
- The landmark Ocean Walk Resort is one block to the east and the newly renovated, 200,000± sq ft Ocean Center is just a few blocks to the south
- The Branches East Apartments is an excellent value-add, multifamily opportunity in the heart of the “World’s Most Famous Beach”