1208 S Ridgewood Ave, Daytona Beach, FL 32114

Building Details

Number of units

60

Flooring type

Hardwood, Laminate, Tile, Wood

Building materials

Block, Frame, Stucco

Roof type

Shingle

Architectural style

Other

Listing agent Madelyn Andrade License #3188906 Show Phone

Listing office The Keyes Company c***@keyes.com 11570 Sunset Dr, Miami, FL Show Phone

Listing date May 13, 2026

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MLS# A12011183 Listing URL

Copyright © 2026 Miami REALTORS®. 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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Overview

This income-producing asset features 60 units across 9 buildings on 1.72 acres, presenting immediate cash flow with significant upside potential. Located in Daytona, FL, the property delivers strong in-place income with opportunity for increased NOI through continued lease-up and rent growth. Over $500,000 in capital improvements have been completed, with approximately 51 units renovated and rented, and the remaining units scheduled for completion prior to closing. The renovated units feature modern kitchens, updated appliances, designer finishes, and luxury vinyl flooring. The unit mix includes 40 one-bedroom units, 13 studios, and 7 two-bedroom units, well-positioned for strong workforce and student housing demand near Embry-Riddle and Daytona State College. Structured as a multi folio oval assemblage with zoning allowing potential hotel conversion, offering long-term flexibility and redevelopment optionality. Situated along the high-visibility US-1 corridor and minutes from Daytona Beach, this asset supports multiple exit strategies including long-term hold, refinance, repositioning, or redevelopment. It is ideal for multifamily operators, private investors, and 1031 exchange buyers seeking scale, yield, and value creation in a high-demand rental market.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Daytona Beach

County

Volusia

State

Florida

Longitude

-81.012149

Latitude

29.190285

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FAQs

What type of property is this?

Apartment building - 60-unit multifamily portfolio in prime Daytona Beach location.

Where is this apartment building located?

The property is located at 1208 S Ridgewood Ave Daytona Beach, FL.

What is the asking price?

The asking price for this property is $8,888,888.

What are key features of this property?

This property features: Immediate cash flow with significant upside potential through lease‑up and rent growth.; Prime Daytona Beach location with US‑1 frontage and high visibility.; 60 units across 9 buildings on 1.72 acres, offering scale in a high‑demand rental market.