1115 Ridgewood AVE Active Save Request In-Person Tour Request Virtual Tour
Daytona Beach,FL 32114
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,534 sqft
Price per Sqft $230
Subdivision Bethune Grant
MLS Listing ID 1205456
Originating Board Daytona Beach Area Association of REALTORS®
Year Built 1926
Annual Tax Amount $4,474
Lot Size 0.352 Acres
Lot Dimensions 0.35
Property Description
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.
Location
State FL
County Volusia
Community Bethune Grant
Direction Approximately 1 mile South of International Speedway on US1 - Ridgewood Avenue on the lefthand side.
Exterior
Parking Features Parking Lot
Utilities Available Electricity Available,Water Connected
Roof Type Shingle
Building
Lot Description Other
Water Public
Others
Senior Community No
Tax ID 5340-05-02-0050
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional