Multifamily Property with Development
For Sale
Contact for pricing
115 N Ridgewood Ave, Daytona Beach, FL 32114
15-unit property with land for 8 additional units.
Property SizeContact for details
Days on Market206
Property Features for 115 N Ridgewood Ave
General Information
Standard status
Active
Class
C
Property subtype
Multifamily
Occupancy
92%
Investment Type
Value Add
Net Operating Income
$152,290
Building Details
Units
15
Listing Agency:
Epique Realty
(386) 679-0888
Listed By:
Dino Dodani · License #FL SL3221388
Source:
Crexi
Added: Jan 27
Changed: Aug 7
Last Checked: Aug 21 at 6:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Epique Realty
Investment Insights
Based on property information with market context.
This multifamily property features 15 units, consisting of a mix of one, two, and three-bedroom units, including three single-family homes and twelve apartments. The units are spread across seven parcels. There is an opportunity for additional development with land available to build up to 8 more units. On-site laundry is available. The property is located along S. Ridgewood Avenue, offering visibility and accessibility to shopping, dining, schools, and public transit. The city’s population within a 5-mile radius exceeds 113,000. The property has city water and flat/shingle roofs.
Key Highlights
- High pro forma cap rate: 8.6% indicates strong potential return on investment.
- Development opportunity: Land available to build up to 8 additional units.
- Mix of unit types: Includes 1, 2, and 3‑bedroom units and single‑family homes.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,764
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 15-unit property with land for 8 additional units.
Where is this apartment building located?
The property is located at 115 N Ridgewood Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: High pro forma cap rate: 8.6% indicates strong potential return on investment.; Development opportunity: Land available to build up to 8 additional units.; Mix of unit types: Includes 1, 2, and 3‑bedroom units and single‑family homes.
