8 Beds
8 Baths
479,160 SqFt
8 Beds
8 Baths
479,160 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 479,160 sqft
Price per Sqft $3
MLS Listing ID 1220246
Bedrooms 8
Full Baths 8
HOA Fees $384/mo
HOA Y/N Yes
Year Built 1986
Annual Tax Amount $569
Lot Size 11 Sqft
Acres 11.0
Property Sub-Type Multi Family
Source Daytona Beach Area Association of REALTORS®
Property Description
Offered for sale is a rare, concentrated portfolio of 25 stabilized 1-bedroom, 1-bathroom condominium units within Georgetown Lake (Georgetowne Lake Condominiums) at 1600 Big Tree Rd, Daytona Beach/South Daytona, FL. All units are approximately 630 SF and located in a well-amenitized, professionally managed, 167-unit community.
This portfolio is currently 23/25 occupied, with most leases running through next year, providing immediate in-place cash flow and minimal lease-up risk. The units have been under the same third-party property management company for years, with full historical records available, including rent rolls, lease documents, maintenance logs, financials, and upgrade history. This long management history allows a buyer to step into a clean, well-documented operation with a smooth transition. Georgetown Lake offers residents a full amenity package, including a community pool, tennis court, fitness center, clubhouse, landscaped grounds, and on-site management. Each unit has one assigned parking space plus access to guest parking. The community's one-year minimum lease requirement supports a stable, long-term resident base and reduces turnover compared to short-term or transient rentals.
Located just minutes from I-95 and I-4, Daytona International Speedway, Daytona State College, Bethune-Cookman University, major employers, retail corridors, and a short drive to the beach, Georgetown Lake consistently attracts strong demand from students, young professionals, workforce tenants, and retirees seeking affordable, amenity-rich housing.
This offering gives investors:
A 25-unit, all 1BR/1BA portfolio in a 167-unit garden-style condo community
24/25 units occupied with leases largely in place through next year
Long-term professional management with complete documentation for underwriting
Desirable community amenities and on-site management that support occupancy and retention
Operational efficiency and scalability from owning multiple units in a single location
Upside potential through rent optimization and strategic interior upgrades over time
This is an opportunity to acquire a turnkey, stabilized, and easily managed condo portfolio in a high-demand submarket of Daytona/South Daytona with strong fundamentals and clear upside.
Location
State FL
County Volusia
Area 31 - Daytona S Of Beville, W Of Nova
Direction South on Clyde Morris from Beville Road; Right on Big Tree; Turn Right into Georgetown Lakes.
Region Daytona Beach
City Region Daytona Beach
Rooms
Other Rooms Tennis Court(s)
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Tile, Vinyl, Wood
Appliance Refrigerator, Electric Range
Heat Source Central
Laundry In Unit
Exterior
Parking Features Parking Lot
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Amenities Available Clubhouse, Fitness Center, Pool, Tennis Court(s)
View Y/N No
Road Frontage City Street
Garage No
Building
Lot Description Other
Sewer Public Sewer
New Construction No
Others
HOA Fee Include 384.0
Tax ID 5331-16-00-00F3
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition Standard
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