Nordica Landing
For sale1756 S Clyde Morris Blvd, Daytona Beach, FL 32119
Property type
Multifamily
Unit / Space count
108
Price
Subject to Market
Cap Rate
10.49%
Building size
118,412 SF
Year built
1985
Lot size
19.83 acres
Unit mix
72 2br
Property description
Nordica Landing is a well-located 108-unit apartment community positioned in the heart of Daytona Beach along S. Clyde Morris Boulevard, a primary north–south corridor serving Daytona Beach and Port Orange. The property benefits from strong surrounding residential density and convenient access to I-95 and I-4, providing direct connectivity to Orlando, Jacksonville, and the broader Central Florida employment corridor. Nordica Landing is minutes from major demand drivers including Embry-Riddle Aeronautical University and Daytona State College, as well as iconic attractions such as Daytona International Speedway and the Daytona Beach coastline. The low-density, two-story garden-style community (built in 1985) features functional floor plans with approximately two-thirds of units configured as 2-bedroom / 2-bath layouts averaging 1,000 SF. All units include full-size in-unit washer/dryers, with two-bedroom residences offering screened-in private patios and storage closets. Residents enjoy a robust amenity package including a swimming pool with sun deck, renovated clubhouse, 24/7 fitness center, outdoor kitchen with lounge area, pickleball courts, and a dog park. The property offers a strong return profile with positive leverage at acquisition and multiple light value-add opportunities through open-concept kitchen enhancements and interior upgrades with luxury-grade finishes and smart-home features to drive rental growth and long-term value.
Property highlights
- Well-Located Daytona Beach Offering: 108-unit apartment community positioned in the heart of Daytona Beach along a primary thoroughfare with strong surrounding residential density and proximity to major demand drivers
- Strong Return Profile: Great positive leverage on going-in numbers with ability to capture additional value through light value-add strategy
- Additional Upside Opportunity: Ability to continue renovating two-bedroom units to a more functional open floor plan concept by opening kitchen wall to make breakfast bar
- Upgrade Interior Finishes: Ability to capture additional rental premiums through modernizing interior finishes with luxury grade materials (quartz counters, LVP flooring, stainless steel appliances, shaker cabinets, higher end plumbing/lighting fixtures, etc.), as well as adding smart-home locks and thermostats
- Low Density Community Feel: 1985-Built Two-Story Garden Style Buildings
- Functional Floor Plans: Two-Thirds of Units are 2-Bed 2-Bath Layouts at 1,000 SF
- Laundry In-Unit: All Units Feature Full-Size Washer/Dryers In-Unit
- Added Unit Features: Two-bedroom units feature screened-in private patios with storage closets
- Robust Resident Amenities: Community features include a swimming pool with sun deck, renovated clubhouse, 24/7 fitness center, outdoor kitchen with lounge area, pickleball courts, and a dog park
- Established Central Daytona Submarket: Located along S Clyde Morris Boulevard (28,500 VPD), a primary north-south corridor serving Port Orange & Daytona Beach with strong surrounding residential density
- Regional Connectivity: Convenient access to I-95 and I-4, providing direct connectivity to Orlando, Jacksonville, and the greater Central Florida employment corridor
- Proximity to Embry-Riddle & Daytona State: Minutes from Embry Riddle Aeronautical University and Daytona State College, collectively enrolling 10,000+ students and employing thousands of faculty and staff
- World-Famous Coastal Destination: Just a short drive to Daytona Beach and the iconic Daytona International Speedway, drawing millions of annual visitors for tourism and major events
- Retail & Daily Needs Convenience: Less than a mile to a Publix supermarket-anchored shopping center (The Shoppes at Beville Road), a Walmart Supercenter, and Aldi Supermarket