Nordica Landing
For saleUnder contract1756 S Clyde Morris Blvd, Daytona Beach, FL 32119
$10,000,000108 units118,412 SF
Multifamily1985
Property type
Multifamily
Unit / Space count
108
Price
$10,000,000
Year built
1985
Stories
2
APN
533100040226
Lot size
863,975 SF
Number of buildings
13
Building size
118,412 SF
Property description
Low Density Community Feel: 1985-Built Two-Story Garden Style Buildings Functional Floor Plans: Two-Thirds of Units are 2-Bed 2-Bath Layouts at 1,000 SF Laundry In-Unit: All Units Feature Full-Size Washer/Dryers In-Unit Added Unit Features: Two-bedroom units feature screened-in private patios with storage closets Robust Resident Amenities: Community features include a swimming pool with sun deck, renovated clubhouse, 24/7 fitness center, outdoor kitchen with lounge area, pickleball courts, and a dog park
Property highlights
- Well-Located Daytona Beach Offering: 108-unit apartment community positioned in the heart of Daytona Beach along a primary thoroughfare with strong surrounding residential density and proximity to major demand drivers
- Strong Return Profile: Great positive leverage on going-in numbers with ability to capture additional value through light value-add strategy
- Additional Upside Opportunity: Ability to continue renovating two-bedroom units to a more functional open floor plan concept by opening kitchen wall to make a breakfast bar
- Upgrade Interior Finishes: Ability to capture additional rental premiums through modernizing interior finishes with luxury grade materials (quartz counters, LVP flooring, stainless steel appliances, shaker cabinets, higher end plumbing/lighting fixtures, etc.), as well as adding smart-home locks and thermostats
- Low Density Community Feel: 1985-Built Two-Story Garden Style Buildings
- Functional Floor Plans: Two-Thirds of Units are 2-Bed 2-Bath Layouts at 1,000 SF
- Laundry In-Unit: All Units Feature Full-Size Washer/Dryers In-Unit
- Added Unit Features: Two-bedroom units feature screened-in private patios with storage closets
- Robust Resident Amenities: Community features include a swimming pool with sun deck, renovated clubhouse, 24/7 fitness center, outdoor kitchen with lounge area, pickleball courts, and a dog park