Commercial Sale · Multi Family (5+)
1216 KENNEDY ROAD, DAYTONA BEACH, FL, 32117
Active116 days on marketListed Apr 11, 2026MLS #TB8496656
About this property
The property at a glance
Welcome to Kennedy Garden Apartments, a 20-unit apartment building in Daytona Beach, FL. This meticulously maintained building offers a lucrative investment with strong rental potential and a desirable unit mix. Each of the 20 units features two bedrooms and one bathroom, offering approximately 900 square feet of living space. The roof of the building was replaced in 2019, ensuring structural integrity and providing peace of mind for both residents and property owners. There is an on-site leasing office that streamlines tenant interactions, leasing processes, and property management, enhancing the building's operational efficiency. Tenants are responsible for their electricity bills, while the landlord covers water and sewer expenses. With a fully occupied building and competitive rental rates, this property offers a consistent and reliable income stream for investors.
19,854
Building sq ft
$118
Price / sq ft
0.81
Lot acres
1974
Year built
20
Units
1
Building
Multi Family (5+)
Property type
The numbers
Investment snapshot
7.2%
Cap rate
$169,600
Net operating income
$117,500
Price / unit
20
Units
Estimated payment (illustrative)
Estimated payment
$12,752/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
29,831
Population
$52,132
Median income
41.8
Median age
2.31
Avg household
$175,500
Median home value
$1,392/mo
Median rent
3,290
Households w/ kids
Recent sales
What actually sold near 1216 KENNEDY ROAD
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$720,000
149 S HOLLYWOOD AVENUE
5,904 sqft · $122/sqft · Sold Mar 9, 2026
$665,000
609-611 ORA STREET
2,842 sqft · $234/sqft · Sold May 4, 2026
$530,000
715 HARVEY AVENUE
1,980 sqft · $268/sqft · Sold Jun 11, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 1216 KENNEDY ROAD — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1216 KENNEDY ROAD.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of FLORIDA REALTY INVESTMENTS · Tito Urbano Perez. MLS #TB8496656.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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