1115 Ridgewood AveDaytona Beach, FL 32114

Property Details for 1115 Ridgewood Ave

Year built

1926

Property size (Sq ft)

9,534 SF

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

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.

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.1923

Longitude

-81.0127

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