1600 BIG TREE RD new Save Request In-Person Tour Request Virtual Tour
South Daytona,FL 32119
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,750 sqft
Price per Sqft $114
Subdivision Condo At Georgetown
MLS Listing ID V4946117
Bedrooms 10
HOA Fees $384/mo
Year Built 1986
Annual Tax Amount $1,611
Lot Size 13.850 Acres
Property Sub-Type Multi Family
Property Description
Georgetown Lake 25-Unit 1BR Condo Portfolio | Stabilized Investment Opportunity 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
Community Condo At Georgetown
Area 32119 - Daytona Beach/S Daytona Beach
Zoning RESI
Interior
Heating Central
Cooling Central Air
Laundry Inside
Exterior
Exterior Feature Other,Tennis Court(s)
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Other
New Construction false
Others
Monthly Total Fees $384
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4946117