For Sale
$2,200,000

1115 Ridgewood AveDaytona Beach, FL 32114

15-Unit Apartment Building, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 15-unit multifamily property, situated at 1115 S Ridgewood Avenue in Daytona Beach, Florida, presents a compelling investment opportunity. The property encompasses 9,534 square feet on a sizable 15,337.48 square foot lot and consists of a mix of 12 apartments and 3 single-family homes, catering to the area's robust rental market. Built in 1926, this property offers significant income potential with its existing units and substantial upside. The location on Ridgewood Avenue provides convenient access to Daytona Beach's vibrant amenities, including shopping, dining, and employment centers, ensuring high tenant demand and retention. Daytona Beach's renowned beaches and proximity to educational institutions further enhance the property's desirability. The spacious lot allows for potential expansion, with the possibility of adding up to 8 additional units, creating further value appreciation. This prime location and growth potential make this multifamily property an ideal investment for those seeking to capitalize on Daytona Beach's thriving rental market. The asking price is $2,200,000. The property's zip code is 32114, and it is located in Volusia County.

Highlights

  • 15-unit multifamily property in Daytona Beach, FL, offering significant income potential.
  • 9,534 sq ft building on a 15,337.48 sq ft lot, comprising 12 apartments and 3 single-family homes.
  • Built in 1926, located at 1115 S Ridgewood Ave, Daytona Beach, FL 32114 (Volusia County).
  • Prime location with convenient access to amenities, ensuring high tenant demand.
  • Potential for expansion with up to 8 additional units.
  • Asking price: $2,200,000.

Property Details for 1115 Ridgewood Ave

Property type
Apartment buildings, Small apartment buildings
Square Feet
9,534 SF
Year Built
1926
Units
15

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.192348
Longitude
-81.0126954
1115 Ridgewood Ave, Daytona Beach, Florida

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1115 Ridgewood Ave
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