Remarks

The 15-unit multifamily property located at 1115 S Ridgewood Avenue in Daytona Beach, Florida, presents a compelling investment opportunity in a high-demand area. This property features a mix of units consisting of 12 apartments and 3 single family homes designed to cater to Daytona Beach's growing population, providing stable income potential in a vibrant rental market. Located on a spacious lot, the property offers room for further updates (8 additional units), allowing for potential value-added enhancements.

The area around Ridgewood Avenue offers easy access to Daytona's core amenities, including shopping, dining, and employment centers, which supports tenant retention and demand. Additionally, Daytona Beach's year-round attractions, such as its famous beaches and proximity to educational institutions, bolster the desirability of the location for tenants and future investors alike. This multifamily property, with its prime location and growth potential, could be an ideal addition for investors aiming to capitalize on Daytona Beach's thriving rental market.

Details

MLS#: 1205456
Price: $2,200,000

Style: Multi Family
Sq Ft: 9534
Year Built: 1926

County: Volusia
Subdivision: Bethune Grant
Tax Fee: 4474