102 S Peninsula Drive, Unit 202
Daytona Beach, FL 32118

Listed at $135,000

Details

  • MLS# 1224207
  • Residential - Condominium
  • Status Active
  • 2 Bedrooms
  • 1 full Bathrooms
  • 874 Square Feet
  • 0.630 acres
  • Built in 1972
  • Local Schools

Description

Investor opportunity in the heart of Daytona Beach! Unit 202 at Ocean Garden Condominiums is a rare fully furnished 2-bedroom, 1-bath condo currently rented at $1,800/month, offering immediate income potential with an estimated cap rate of approximately 9.7 percent at the current asking price. (minimum rental 30 days)One of only a few 2-bedroom units in the community, this turn-key property is ideal for investors seeking strong cash flow, a snowbird rental, or a low-maintenance beachside asset with proven rental appeal. The community allows 30-day minimum rentals, creating flexibility for both seasonal and extended-stay tenants.The unit has...read more been thoughtfully refreshed with numerous updates, including fresh interior paint, new interior doors, updated light fixtures, new blinds, new vanity top, new range, and updated smoke detectors. The HVAC system was replaced in July 2025, providing added value and peace of mind for future ownership. Located just steps from the beach and within walking distance to the Daytona Beach Main Street Pier, Boardwalk, restaurants, nightlife, and entertainment district, this property sits in one of the areas most active tourist and rental corridors. Offered fully furnished and move-in ready, this condo presents an excellent opportunity to own an income-producing property in one of Daytona Beachs most walkable coastal locations.

Features

  • Refrigerator
  • Electric Range
  • Dishwasher
  • Central Air
  • Tile
  • Electric
  • 2.0 Stories
  • $1,513 Taxes
  • Public
  • Built in 1972
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All Property Features

  • Property Type: Residential - Condominium
  • Appliances: Refrigerator, Electric Range, Dishwasher
  • Association/Condo Fee: 475/Monthly
  • Cooling: Central Air
  • Days on Site: 56
  • Directions: from Main Steet cross bridge to barrier island. Take right at S Peninsula. Go approx 1 block property on right.
  • Exterior: Concrete
  • Flooring: Tile
  • Fuel Type: Electric
  • Heating: Electric
  • HOA Y/N: Yes
  • Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan
  • Lot Size: 0.63 Acres
  • Parcel #: 5308-07-00-0130
  • Parking: Assigned, Guest
  • Property Attached Y/N: No
  • Property Sub-Type: Condominium
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $1,513
  • Utilities: Cable Connected, Sewer Connected, Water Connected
  • Water: Public
  • Year Built: 1972