For sale · MLS# O6419368
16 S Grandview Ave, Daytona Beach
$645,000 Daytona Beach, FL 32118
Listing courtesy of CHARLES RUTENBERG REALTY ORLANDO · (407) 622-2122 · MLS# O6419368 · For sale
Photos and key facts
About this home
9.5% CAP RATE!1! STABILIZED CASH COW PRODUCING AN 9.5% CAP RATE ON ASKING (AFTER TAXES, INSURANCE, AND EXPENSES OF APPROX $17K PER YEAR!) 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 9.5% 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!
Written by the listing brokerage and shown exactly as supplied. Square footage, lot lines, school assignment, and association rules should be verified independently before you write an offer.
Property details
What the listing says about the house
As entered by the listing brokerage. Verify anything that affects your offer — square footage, flood zone, association rules, school assignment — before the inspection period ends.
Interior
- Interior features
- Other
- Heating
- Ductless
- Cooling
- Wall/Window Unit(s)
- Laundry
- Laundry Room
- Fireplace
- No
Exterior & lot
- Exterior features
- Fence, Private Mailbox, Private Yard
- Construction
- Brick, Wood Siding
- Roof
- Shingle
- Foundation
- Block, Slab
- Lot dimensions
- 50x100
Water & pool
- Waterfront
- No
- Private pool
- No
Parking
- Garage
- No
Community & association
- Subdivision
- Rogers Seabreeze
- Association
- No
- 55+ community
- No
Utilities
- Utilities
- Public
- Water
- Public
- Sewer
- Public Sewer
Building
- Year built
- 1910
- New construction
- No
Taxes & terms
- Annual taxes
- $5,720.83 (2025)
- Parcel number
- 5304-01-11-0050
- Zoning
- 02BR1
- Special conditions
- None
- Financing terms
- Cash, Conventional
Florida specifics
- Flood zone
- X
- Community development district (CDD)
- No
- Total monthly fees
- $0
- Water access
- No
- Water view
- No
- Total acreage
- 0 to less than 1/4
Something here look wrong? Tell us and we will take it up with the listing agent.
Ask about this home
See it, or find out more first
Scott Lee confirms with the listing agent that it is still available, sets up a showing around your schedule, and gets the paperwork a listing page never shows.
TrustLine Real Estate is not the listing brokerage for this home. It is listed by CHARLES RUTENBERG REALTY ORLANDO. We can arrange a showing and get your questions answered either way.
- Whether it is still available, confirmed with the listing agent rather than read off this page.
- A showing arranged around your schedule.
- The paperwork the listing leaves out: association rules and budget, any seller’s disclosure, and the flood zone.
- What comparable homes nearby actually closed at, not what they were listed at.
TrustLine Real Estate LLC · Scott Lee, Broker / Owner · Florida Broker License #BK3590406
Touring a home with us starts with a short written buyer agreement that states what we are paid and by whom. Every term in it is negotiable; the property search questions explain why it exists.
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