| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 31st | Poor |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1216 Kennedy Rd, Daytona Beach, FL, 32117, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1974 |
| Units | 20 |
| Transaction Date | 2014-01-15 |
| Transaction Price | $446,000 |
| Buyer | VIVAL INVESTMENTS HOMES LLC |
| Seller | KENNEDY GARDEN APARTMENTS LLC |
1216 Kennedy Rd, Daytona Beach 20-Unit Multifamily
Neighborhood occupancy is competitive for the metro and a high renter-occupied share indicates durable tenant depth, according to WDSuite’s CRE market data. Positioned for workforce demand with smaller average units, the asset can benefit from focused capital planning and leasing discipline.
Daytona Beach’s inner-suburb setting offers practical access to daily needs and employment while avoiding core pricing. The surrounding neighborhood rates C- within the Deltona–Daytona Beach–Ormond Beach metro and is competitive among metro neighborhoods for occupancy, with a neighborhood occupancy rate that sits modestly above national medians. Renter concentration is notably high (renter-occupied share), which supports a deeper tenant base for multifamily operators and can help stabilize leasing through cycles.
Amenities skew toward essentials over lifestyle. Grocery access is a clear strength—among the top options in the metro and top quartile nationally—supporting day-to-day convenience for residents. Restaurant density is also above most peers, while parks, cafes, and childcare are limited in the immediate neighborhood. For operators, this mix suggests marketing toward value- and convenience-oriented renters rather than amenity-driven segmentation.
Within a 3-mile radius, population and households have grown in recent years, and forward projections point to continued population growth and a meaningful increase in households. This expansion indicates a larger tenant base over time and can support occupancy stability. At the same time, the local rent-to-income profile indicates some affordability pressure, which argues for careful rent management and resident retention strategies.
Home values in the neighborhood skew lower relative to national benchmarks, which can create some competition from entry-level ownership options. However, the elevated renter-occupied share and practical location fundamentals continue to support demand for rental housing—particularly for smaller, efficient floor plans that meet price-sensitive needs.
Neighborhood-level safety metrics for this area were not available in WDSuite at the time of publication. Investors typically benchmark property performance and resident retention against metro and national trends, review multi-year police and municipal reports, and validate on-the-ground conditions during due diligence to understand any directional changes in safety and what they may imply for leasing and renewal risk.
Regional employment is diversified, with workers commuting across the metro. The following nearby employer can contribute to commuter-driven renter demand.
- Symantec — cybersecurity/software (36.1 miles)
Built in 1974, the 20-unit property presents typical vintage considerations—systems and interiors may benefit from targeted upgrades, creating value-add potential while improving competitive positioning against newer stock nearby. The neighborhood shows competitive occupancy for the metro and a high share of renter-occupied housing, supporting tenant depth; according to CRE market data from WDSuite, local occupancy trends sit slightly above national medians, aligning with steady workforce demand.
Within a 3-mile radius, population and household counts have risen and are projected to continue growing, pointing to renter pool expansion that can support lease-up and renewal. Grocery access is a relative strength and restaurants are reasonably dense, though lifestyle amenities like parks and cafes are thinner, suggesting a focus on value and convenience. Affordability considerations—reflected in rent-to-income dynamics and relatively accessible local home values—warrant measured rent setting and proactive retention strategies.
- Competitive neighborhood occupancy and high renter-occupied share support demand depth
- 1974 vintage offers value-add opportunity through targeted system and interior upgrades
- 3-mile population and household growth indicate a larger tenant base ahead
- Strong grocery access and practical restaurant density align with workforce renter needs
- Risk: affordability pressure and entry-level ownership options may temper pricing power