| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 54th | Good |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1756 S Clyde Morris Blvd, Daytona Beach, FL, 32119, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1985 |
| Units | 108 |
| Transaction Date | 2018-09-13 |
| Transaction Price | $11,700,000 |
| Buyer | LAK Capital at Osprey Landing, LLC |
| Seller | --- |
1756 S Clyde Morris Blvd Daytona Beach 108-Unit Value-Add
Renter demand is supported by a majority of renter-occupied housing in the neighborhood and occupancy trending around the metro median, according to WDSuite’s CRE market data. This positioning can offer investors steady leasing with room to enhance operations through targeted upgrades.
The property sits in an Inner Suburb of the Deltona–Daytona Beach–Ormond Beach metro with a neighborhood rating of B and an overall rank of 73 out of 159 neighborhoods — above the metro median. Neighborhood occupancy is reported at roughly the metro midpoint with stability over the past five years, indicating a tenant base that supports consistent leasing rather than volatile swings (based on CRE market data from WDSuite).
Livability is mixed but workable for workforce housing. Grocery access ranks 29 out of 159 (top fifth locally), and childcare density ranks 7 out of 159 (a leading position), both of which can aid daily convenience and retention. By contrast, restaurants, cafes, parks, and pharmacies score at the bottom of local rankings, so residents may rely on short drives for broader amenities. School ratings are not available for this neighborhood in WDSuite, so investors should evaluate local options directly.
The neighborhood’s housing stock averages late-1980s construction; this property was built in 1985, slightly older than nearby stock. That vintage typically implies planning for exterior/interior refresh, systems upkeep, and potential value-add scope to improve competitive positioning against newer comparables.
Unit tenure skews toward renters: about 54.6% of housing units are renter-occupied in the neighborhood, signaling depth for multifamily demand and a broader leasing funnel. Nationally, the area scores around the middle of the pack on demographics and housing indicators, suggesting neither outsized pricing power nor unusual weakness; investors can focus on operational execution and asset-specific upgrades to capture returns.
Within a 3-mile radius, population and household counts have risen in recent years, and WDSuite’s projections indicate additional population growth with a notable increase in households alongside smaller average household sizes. For multifamily, that combination points to a larger tenant base and steady absorption potential, supporting occupancy and renewal prospects.
Ownership costs in the neighborhood are moderate relative to many coastal Florida markets; median home values sit below high-cost metros while rent-to-income metrics are mid-range locally. For investors, this mix can sustain rental demand while introducing some competition from entry-level ownership, making price-to-value positioning and renewal strategy important.
Comparable crime statistics for this specific neighborhood are not available in WDSuite’s dataset. Investors typically benchmark neighborhood safety against city and county trends and review recent law enforcement and community reports to understand patterns over time. A property-level assessment (lighting, access control, and visibility) remains a practical lever for resident comfort and retention.
Regional employment is diversified, with commuters accessing corporate offices across the metro. Nearby, Symantec’s cybersecurity office presence supports some professional tenant demand via commutable access.
- Symantec — cybersecurity offices (32.9 miles)
This 108-unit asset, built in 1985, is slightly older than the neighborhood’s late-1980s average, positioning it for targeted value-add and systems modernization. Neighborhood occupancy trends hover near the metro median, and a renter-occupied share above half indicates a deep tenant pool. Within a 3-mile radius, WDSuite points to population growth and a projected increase in households, which supports leasing stability and renewal prospects as smaller household sizes expand the renter pool.
Home values and rent-to-income indicators suggest a middle-ground affordability profile: sufficient pricing headroom without the extreme cost pressures seen in higher-priced Florida markets. According to multifamily property research from WDSuite, neighborhood income and housing metrics sit near national mid-range, so execution will rely on asset-specific improvements, thoughtful rent setting, and resident retention programs. Key risks include limited nearby dining and park amenities and potential competition from entry-level ownership.
- Renter depth supports demand: majority renter-occupied neighborhood and stable metro-level occupancy trends
- Value-add upside: 1985 vintage suggests interior/exterior refresh and systems updates to enhance competitiveness
- Growing renter pool: 3-mile population and household growth projections underpin leasing and renewals
- Balanced affordability: mid-range rent-to-income and ownership costs aid pricing power without overextension
- Risks: limited nearby restaurants/parks and some competition from entry-level ownership may temper rent growth