1208 S Ridgewood Ave, Daytona, FL 32114
1208 S Ridgewood Ave, Daytona, FL 32114
1208 S Ridgewood Ave, Daytona, FL 32114
1208 S Ridgewood Ave, Daytona, FL 32114
1208 S Ridgewood Ave, Daytona, FL 32114
1208 S Ridgewood Ave, Daytona, FL 32114
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JP Pires

JP Pires

+1(954) 793-6413
$ 8,888,888
Est. payment | /mo

41,397 SqFt

Save Virtual Tour
$ 8,888,888
Est. payment | /mo
Save Virtual Tour

41,397 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 41,397 sqft

Price per Sqft $214

MLS Listing ID A12011183

HOA Y/N No

Lot Size 1.720 Acres

Acres 1.72

Property Sub-Type Multi Family

Property Description

RARE OPPORTUNITY! 60-UNIT VALUE-ADD MULTIFAMILY PORTFOLIO IN PRIME DAYTONA BEACH LOCATION WITH US-1 FRONTAGE! Income-producing asset featuring 60 UNITS across 9 BUILDINGS on 1.72 ACRES, offering IMMEDIATE CASHflow with significant upside potential. the property delivers strong in-place income with opportunity for increased NOI through continued lease-up and rent growth. Over $500,000 in capital improvements have been completed, with approximately 51 of units renovated, rented, and the remaining units scheduled for COMPLETION PRIOR TO CLOSING. Renovated units feature modern kitchens, updated appliances, designer finishes, and luxury vinyl flooring. Unit mix includes 40 one-bedroom units, 13 studios, and 7 two-bedroom units, well-positioned for strong workforce and student housing demand near Embry-Riddle and Daytona State College. Structured as a MULTI FOLIO OVAL ASSAMBLAGE with zoning allowing potential hotel conversion, offering long-term flexibility and redevelopment optionality. Located along the high-visibility US-1 corridor and minutes from Daytona Beach, this asset supports multiple EXIT strategies including long-term hold, refinance, repositioning, or redevelopment. Ideal for multifamily operators, private investors, and 1031 exchange buyers seeking scale, yield, and value creation in a high-demand rental market.

Location

State FL

County Volusia

Area 5940 Florida Other

Interior

Flooring Hardwood, Laminate, Tile, Wood

Exterior

Roof Type Shingle

Total Parking Spaces 78

Private Pool Yes

Building

Story 2

Level or Stories Two

Structure Type Block,Frame,Stucco

Others

Tax ID 40 15 33 03 03 0010

Security Features Fenced

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12011183

Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Keyes Company

Nearby Locations

JP Pires

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(954) 793-6413

jp@piresproperties.com

8440 NW 33rd St, Pembroke Pines, Florida, 33024, USA

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1208 S Ridgewood Ave