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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1208 S Ridgewood Ave , Daytona Beach, FL 32114
$8,888,888
Est. Payment: $19,753.08/mo
0 Bed
0 Bath
41397 Sqft
Status: Active | Days on site: 12
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KEYE09 - 3188906
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House 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.

Highlights

Listed by Madelyn Andrade , 786-624-7335 The Keyes Company , 305-595-8166.

Property Type

Commercial Sale

Lot/Acreage
1.72

County

Volusia

Area

5940 Florida Other

Listing ID

A12011183

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Floor:Hardwood,Laminate,Tile,Wood

Exterior Features

Garage Capacity:78
Roof:Shingle
Parking Features:Accessible Parking,Common,Free Parking,Guest
Principal Interest
$19,753
Taxes
$5,667

Home Price

$8,888,888

Loan Details

30 yrs
%

Down Payment

20%
$1,777,778
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$19,753.08

Principal

Taxes

Principal Taxes HOA Total
Monthly $19,753.08 $5,666.67 $0.00 $25,419.75
Yearly $237,037.01 $67,999.99 $0.00 $305,037.01
Total $7,111,110.40 $2,039,999.80 $0.00 $9,151,110.20

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Daytona Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.