Daytona Beach, FL 32114,1115 Ridgewood AVE
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Daytona Beach, FL 32114,1115 Ridgewood AVE
Daytona Beach, FL 32114,1115 Ridgewood AVE
Daytona Beach, FL 32114,1115 Ridgewood AVE
Daytona Beach, FL 32114,1115 Ridgewood AVE
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$ 2,200,000
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1115 Ridgewood AVE Daytona Beach, FL 32114

9,534 SqFt


UPDATED:

11/12/2024 11:52 PM

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


Listed by EXP Realty LLC

Joy Pratt-Martin

Agent | License ID: 3415251

+1(386) 631-1299

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1115 Ridgewood AVE