Whispering Winds Apartments
Closed119 Thomasson Ave, Daytona Beach, FL 32117
Property type
Multifamily
Unit / Space count
20
Price
N/A
Building size
17,832 sf
Rentable area
17,832 SF
Year built
1984
Year renovated
Occupancy
95%
APN
424401340016
Zoning code
Lot size
0.94 Acres
Unit mix
20x
-br
Bedroom count
Property description
Whispering Winds is a 20 unit multifamily property located in Daytona Beach, FL. The property features one, two-story building constructed in 1984 with wood frame construction, a pitched roof, and central HVAC. Unit interiors feature vinyl and tile floors, original and white kitchen cabinets, white and black appliances, and formica countertops. There is a significant value-add opportunity with over $375 or 39% in rental upside through a light renovation plan. Whispering Winds is centrally located near several major points of interest including Downtown Daytona, Daytona Beach (1.7 Mi.), Daytona Beach International Airport (4.1 Mi.), Daytona International Speedway (3.8 Mi.), Halifax Medical Center (3.2 Mi.), and Volusia Mall (3.8 Mi.). The asset is also convenient to nearby education including Bethune-Cookman University (1.9 Mi.), Embry-Riddle University (3.1 Mi.) and Daytona State College (2.9 Mi.).
Property highlights
- Closed at 100% of Contract Price
- Sourced a New-to-Market Buyer Who Will Implement a Large Renovation Program
- Buyer Secured Competitive Bank Financing at a 5.15% Fixed Rate Originated by Franklin Street Capital Advisors (FSCA) Despite Today's Challenging Debt Markets
- Debt Inquires: Dakota Brown at Dakota.Brown@FranklinSt.com or (813) 345-5860
- Centrally Located Near Several Major Points of Interest Including Downtown Daytona, Daytona Beach (1.7 Mi.), Daytona Beach International Airport (4.1 Mi.), Daytona International Speedway (3.8 Mi.), Halifax Medical Center (3.2 Mi.), and Volusia Mall (3.8 Mi.)
- Convenient to Nearby Education Including Bethune-Cookman University (1.9 Mi.), Embry-Riddle University (3.1 Mi.) and Daytona State College (2.9 Mi.)
- Surrounded by National Retailers Including Walmart Supercenter (4.4 Mi.) Publix Supermarket (3.9 Mi.), Tanger Outlets (4.2 Mi.)