8-Unit Efficiency Condo
1202 RIDGEWOOD Avenue, Holly Hill, FL 32117
For Sale
$500,000
Residential Income, HOLLY HILL, FL
Property Size2,112 SF
Lot Size0.01 Acres
Price / SF$236.74
Days on Market96
Property Features for 1202 RIDGEWOOD Avenue
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Window features
Interior features
Exterior features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
Wi-Fi
pool
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
3 DOT REALTY LLC
Listed By:
Rodolphe Brun · License #BK3267171
(386) 235-0670
Added: Aug 3
Changed: Nov 6
Last Checked: Nov 6 at 11:06PM
MLS# FC320402
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This offering comprises eight individually deeded efficiency condominiums, all currently rented. The units are being sold together within a larger condominium community; the transaction does not include the full building or complex. The community pool was rebuilt in 2023.
Utilities, insurance, Wi-Fi, and pool maintenance are covered by the association. The sale is for cash only.
Utilities, insurance, Wi-Fi, and pool maintenance are covered by the association. The sale is for cash only.
Key Highlights
- Eight efficiency condos, all currently rented
- Units are individually deeded and offered together as a package
- Community pool rebuilt in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,094
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,880
$321.9K
Cap Rate 7%
$229,914
$229.9K
Cap Rate 9%
$178,822
$178.8K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$32.7K $15.48/SF
− Vacancy
−$3.4K −$1.63/SF
EGI
$29.3K $13.85/SF
− OpEx
−$13.2K −$6.23/SF
NOI
$16.1K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,880
Cap Rate 7%
$229,914
Cap Rate 9%
$178,822
Alternative Uses
Best Use
Apartment 5plus
$229.9K
$201.2K – $268.2K
NOI $16,094 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,592 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Volusia County, FL
Properties on Market for Residential income properties in Volusia County
Frequently Asked Questions
What type of property is this?
Residential income property - Every unit is occupied, with utilities, insurance, Wi-Fi, and pool maintenance included in the association fee.
Where is this residential income property located?
The property is located at 1202 RIDGEWOOD Avenue Holly Hill, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Eight efficiency condos, all currently rented; Units are individually deeded and offered together as a package; Community pool rebuilt in 2023
