Description

Jones Lang LaSalle Inc. (JLL) is pleased to present The Oasis Apartments, a stabilized 119-unit cash flowing investment opportunity in Daytona Beach, FL. Constructed in 1986 and conveniently located along Beville Road, this two-story property has been extensively renovated with over $1.6M in recent capital improvements, featuring contemporary finishes including stainless appliances, granite countertops, white shaker cabinetry, and wood-style flooring throughout all one-bedroom units. With comparable properties commanding rent premiums exceeding $60 per unit, the asset is well-positioned to capture significant upside as submarket fundamentals continue to strengthen.

The property benefits from exceptional supply-demand dynamics, with nearly 700 more renting households than available units within a three-mile radius and 75% of the area's renting households comprising one- or two-person formations—directly aligning with the property's unit mix. Located at the intersection of two major thoroughfares and near regionally-dominant retail centers including One Daytona and Tanger Outlets, The Oasis Apartments offers residents unparalleled access to major employers such as Halifax Health System, Daytona State College, Embry-Riddle Aeronautical University, and NASCAR, all within a 15-minute drive. The property's proximity to the I-95/I-4 interchange further expands its appeal, placing Downtown Orlando and over 87,000 additional job opportunities within a 45-minute commute.

...