509 Ridgewood AveDaytona Beach, FL 32114
- Apartment buildings
Property Details for 509 Ridgewood Ave
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a stabilized, 7-unit apartment building located at 509 N Ridgewood Ave, Daytona Beach, FL 32114. Priced at $995,000, this property boasts a pro-forma cap rate of 11.59% and a 100% occupancy rate, generating significant rental income. Each unit offers a compelling value proposition at $142,143 per unit. The property's prime location in Daytona Beach provides easy access to major attractions, highways, and the city's vibrant lifestyle. This multifamily investment is ideal for those seeking a blend of residential and potential commercial opportunities. The strong rental demand in Daytona Beach, fueled by tourism and a growing local population, ensures a reliable stream of income and potential for future value appreciation. The property benefits from a favorable tax environment in Florida, including no state income tax. This is a turnkey investment, ready for immediate income generation, offering a diverse portfolio opportunity in a thriving market. The property's central location in Daytona Beach offers proximity to the beach, major highways, and popular attractions, further enhancing its investment appeal. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a dynamic market.
Location Insight
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Latitude
- 29.22
- Longitude
- -81.0274
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].