1600 BIG TREE ROAD, South Daytona, FL 32119

  • $1,800,000

Overview

Property ID: HZV4946117
  • Multi Family, Residential Income
  • Property Type
  • 10
  • Bedrooms
  • 11
  • Bathrooms

Description

Georgetown Lake 25-Unit 1BR Condo Portfolio | Stabilized Investment Opportunity Offered for sale is a rare, concentrated portfolio of 25 stabilized 1-bedroom, 1-bathroom condominium units within Georgetown Lake (Georgetowne Lake Condominiums) at 1600 Big Tree Rd, Daytona Beach/South Daytona, FL. All units are approximately 630 SF and located in a well-amenitized, professionally managed, 167-unit community. This portfolio is currently 23/25 occupied, with most leases running through next year, providing immediate in-place cash flow and minimal lease-up risk. The units have been under the same third-party property management company for years, with full historical records available, including rent rolls, lease documents, maintenance logs, financials, and upgrade history. This long management history allows a buyer to step into a clean, well-documented operation with a smooth transition.

Georgetown Lake offers residents a full amenity package, including a community pool, tennis court, fitness center, clubhouse, landscaped grounds, and on-site management. Each unit has one assigned parking space plus access to guest parking. The community’s one-year minimum lease requirement supports a stable, long-term resident base and reduces turnover compared to short-term or transient rentals.

Located just minutes from I-95 and I-4, Daytona International Speedway, Daytona State College, Bethune-Cookman University, major employers, retail corridors, and a short drive to the beach, Georgetown Lake consistently attracts strong demand from students, young professionals, workforce tenants, and retirees seeking affordable, amenity-rich housing.

This offering gives investors:

A 25-unit, all 1BR/1BA portfolio in a 167-unit garden-style condo community

24/25 units occupied with leases largely in place through next year

Long-term professional management with complete documentation for underwriting

Desirable community amenities and on-site management that support occupancy and retention

Operational efficiency and scalability from owning multiple units in a single location

Upside potential through rent optimization and strategic interior upgrades over time

This is an opportunity to acquire a turnkey, stabilized, and easily managed condo portfolio in a high-demand submarket of Daytona/South Daytona with strong fundamentals and clear upside.

  • Address: 1600 BIG TREE ROAD
  • City: South Daytona
  • State/county: FL
  • Zip/Postal Code: 32119
  • Country: US

Details

Updated on December 29, 2025 at 10:26 pm
  • Property ID HZV4946117
  • Price $1,800,000
  • Land Area 13.85 Acres
  • Bedrooms 10
  • Bathrooms 11
  • Garage Size x x
  • Year Built 1986
  • Property Type Multi Family, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash,Other
  • Association Fee 384
  • Roof Shingle
  • Utilities Electricity Connected,Sewer Connected,Water Connected
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Central
  • County Volusia
  • Property Type Residential Income

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Jamie Stevens

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