| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 47th | Fair |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1401 S Clyde Morris Blvd, Daytona Beach, FL, 32114, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1977 |
| Units | 30 |
| Transaction Date | 2006-01-19 |
| Transaction Price | $2,000,000 |
| Buyer | XENA CAMELLIA LLC |
| Seller | FLORIDA OPPORTUNITY INCOME PARTNERS LTD |
1401 S Clyde Morris Blvd Daytona Beach Value-Add Multifamily
Neighborhood-level occupancy has held in a stable range and renter concentration is high, according to WDSuite s CRE market data supporting steady demand for compact units at this address.
Situated in an Inner Suburb of Daytona Beach, the neighborhood scores a B+ and is competitive among Deltona Daytona Beach Ormond Beach neighborhoods (45th of 159). Renter-occupied housing is a defining feature here, with a high renter concentration that deepens the tenant base for multifamily owners. Neighborhood occupancy is 93.1% (measured for the neighborhood, not the property) and ranks 52 of 159 competitive in the metro and supportive of leasing stability.
Livability is serviceable for workforce renters. Dining access is comparatively strong for the metro, with restaurants and cafes ranking in the upper tier nationally, while parks and pharmacies are also above-average. School ratings trend below the national midpoint, which may matter less for studios and smaller formats but can influence longer-term household retention.
At the neighborhood level, median contract rents sit around the mid-$1,100s, with five-year growth observed, per WDSuite. With a rent-to-income ratio near 28% locally, pricing power exists but should be balanced against retention and lease management considerations. Median home values run lower than many coastal Florida submarkets, which can introduce some competition from entry-level ownership; however, this dynamic often sustains consistent rental demand for well-located, professionally managed assets.
Demographic statistics aggregated within a 3-mile radius indicate population and household growth over the last five years, with further expansion projected by 2028. Increasing household counts and a larger working-age cohort point to a growing renter pool, which supports occupancy stability and leasing velocity for efficiently sized units.
Based on WDSuite s neighborhood benchmarks, overall safety indicators are modestly above the national middle. Property offense readings compare favorably top quartile nationally and have improved year over year. Violent offense indicators sit above the national median as well (safer than average compared to neighborhoods nationwide), though recent one-year trends show some volatility. Within the Deltona Daytona Beach Ormond Beach metro, the neighborhood s crime ranking places it competitive among 159 neighborhoods rather than an outlier at either extreme.
Investors should underwrite standard operating practices lighting, access control, and tenant screening and monitor local trendlines as part of ongoing risk management, especially given the recent fluctuations in violent-offense measures.
Regional employment is diversified, with access to corporate and technology roles that help support renter demand and retention. Nearby examples include:
- Symantec cybersecurity/software (33.5 miles)
Built in 1977, the property is older than the neighborhood s average vintage, creating a straightforward value-add and capital planning opportunity to modernize systems and finishes. Neighborhood occupancy around 93% and a very high renter-occupied share support demand depth for smaller unit formats, while demographic growth within a 3-mile radius expands the tenant base. According to CRE market data from WDSuite, neighborhood-level rents have risen over the last five years, suggesting room for targeted upgrades where underwriting supports it.
Affordability dynamics are balanced: local rent-to-income levels imply manageable pressure for tenants, yet relatively accessible ownership costs in the area can create some competition. The investment case centers on capturing durable renter demand with operational execution tight management, selective renovations, and attention to lease retention.
- Stable neighborhood occupancy and high renter concentration support leasing durability
- 1977 vintage provides clear value-add potential through targeted renovations and system updates
- 3-mile population and household growth expand the renter pool, aiding lease-up and retention
- Risk: relatively lower home values may compete with rentals; emphasize resident experience and renewal strategy