Riverside at South Daytona & Whispering Winds

Jones Lang LaSalle Americas, Inc. is pleased to present a unique portfolio opportunity featuring two apartment communities in Daytona Beach, Florida - a growth-oriented Sunbelt market positioned for sustained rent expansion. Together, Whispering Winds (20 units) and Riverside at South Daytona (40 units) offer 60 total units combining immediate cash flow with value-add upside. EACH ASSET IS AVAILABLE FOR PURCHASE INDIVIDUALLY OR AS A PORTFOLIO.

Located approximately four miles apart, along the Halifax River corridor off US-1, both properties provide convenient access to I-95 and I-4. Located less than one mile west of the Halifax River, Whispering Winds is a 1984 vintage, two-story frame complex offering one- and two-bedroom units ranging from 625-851 SF. Riverside at South Daytona is a 1973 vintage deal featuring stucco-on-block construction in a desirable S Palmetto Avenue location, just one half mile south of Beville Road. Riverside also offers one- and two-bedroom units that are 650 SF and either 800 or 850 SF, respectively.

Current ownership has invested over $900,000 in capital improvements across both assets. Riverside received more than $600,000 in comprehensive exterior and interior renovations bringing all units to modern standards, while Whispering Winds benefited from $300,000 in upgrades including roof replacement, vinyl flooring, and fixture improvements in select units. Over the course of their hold, ownership has systematically rebuilt the tenant profile and caliber, establishing an offering of stable cash flow from day one.

The differentiated positioning creates a balanced investment strategy. Whispering Winds offers continued value-add opportunity through continuing the implementation of consistent finishes throughout all unit interiors to achieve a cohesive feel across the entire property. Riverside, having completed its heavy lift, delivers immediate premium rents and a fully rebranded property. Both still offer the material enhancement potential of adding strategic amenity additions like in-unit washers and dryers in the 2BR units and compact dishwashers throughout all.

According to Axiometrics, Daytona Beach is poised to benefit from 3.3% average annual rent growth from 2027-2030 as new supply moderates. With clear visibility to NOI growth through management efficiency, lease-up of renovated units, and completion of remaining value-add initiatives, the portfolio is well positioned to take advantage of the improving market fundamentals in the near term.

This portfolio offering represents a rare opportunity to acquire stabilized, income-producing assets in a dynamic Sunbelt market with multiple paths to value creation across complementary properties at different repositioning stages.