121 Marion Avenue

Property feature image
Address: 121 W Marion Ave, Edgewater, FL 32132, USA
Florida & Gulf Coast + Apartment Buildings
Created date: March 10, 2026
Date last updated: April 27, 2026
Price: $3,800,000Investment Analyzer NEW!
  • Assumable Loan at 3.75% Fixed
  • Over $350 of Rental Upside
  • Tenants Pay for All Utilities
  • Central Air Conditioning
  • Located Under 5 Miles to New Smyrna Beach

Property Description

100Units.com presents Halifax Court Apartments which is a 28 unit multifamily complex. The property is constructed of concrete block with pitched shingle roofing, consisting of 1 two-story apartment building with approximately 28,920 gross square feet and is situated on 1.70 acres. The unit mix is all two bedroom two bathroom units with approximately 1,025 gross square feet. Electric and water are separately metered and paid for by the tenants. The units feature central HVAC and a private balcony or patio. Assumable loan at 3.75% fixed, $1,900,000 due in 2032, monthly payments of approximately $9,800. The buyer can choose to assume the loan or not; property can be purchased free and clear of debt if the buyer chooses. Over $1,000,000 of bonus depreciation this year with a cost segregation study. Over $350 of rental upside on the in place rents to HUD fair market rents of $1,546 for this zip code. This property is ideally located just under 5 miles to New Smyrna Beach and under 30 minutes to Daytona Beach International Airport.
Unavailable

Request Information

Broker Details

Joe LaFleur
Joe LaFleur

100Units.com 866- GO- UNITS

New call-to-action

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $3,800,000
No. of Units: 28
Average Occupancy: 8.59
Year Built: 1985
Lot Size: 1.70 Acres
Opportunity Zone: No
Price per unit: $135,714
Property Website Click Here
Address: 121 Marion Avenue, Edgewater, FL 32132, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

311 Barren Spot KI

311 Barren Spot KI

St. Croix, Virgin Islands
Florida & Gulf Coast + Apartment Buildings
Price: $290,000
12-BA Colquohoun KI

12-BA Colquohoun KI

St. Croix, Virgin Islands
Florida & Gulf Coast + Apartment Buildings
Price: $310,000
1533 S Bronough Street, Unit 0

1533 S Bronough Street, Unit 0

Tallahassee, Florida
Florida & Gulf Coast + Apartment Buildings
Units: 6
Price: $1,900,000

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up