Renovated Income Property
404 S Ridgewood Avenue, Daytona Beach, FL 32114
MULTI_FAMILY - Daytona Beach, FL
Property size:
16,700 SFLot size:
1.50 AcresPrice / SF:
$98/SF- Added:
- May 30, 2025
- Days on Market:
- 353
- Last Refresh:
- May 17 at 4:06 pm
Property Features for 404 S Ridgewood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 30
- Bathrooms
- 12
- Rooms
- Bedroom 21, Bedroom 7, Bedroom 23, Bedroom 1, Bathroom 12, Bedroom 26, Bathroom 4, Bedroom 29, Bedroom 19, Bedroom 5, Bathroom 2, Bedroom 16, Bedroom 4, Bedroom 9, Bedroom 30, Bedroom 2, Bedroom 27, Bedroom 15, Bedroom 8, Bedroom 20, Bedroom 25, Bathroom 7, Bathroom 9, Bedroom 10, Bedroom 6, Bedroom 24, Bedroom 12, Bathroom 10, Bedroom 18, Bathroom 1, Bathroom 6, Bathroom 3, Bedroom 14, Bathroom 11, Bathroom 5, Bedroom 17, Bedroom 3, Bedroom 11, Bedroom 22, Bedroom 28, Bathroom 8, Bedroom 13
- Parking
- 33
- Parking features
- Guest, Parking Lot
- Fencing
- Fenced
- Appliances
- Washer/Dryer Stacked, Refrigerator, Microwave, Electric Water Heater, Electric Oven, Convection Oven
- Standard status
- Active
- APN
- 5339-01-17-0062
- Size
- 16,700 SF
- Lot size
- 1.50 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- N 1/2 OF LOT 5 EXC HWY & E 144 FT OF LOT 6 EXC HWY BLK 17 DAYTONA PER OR 3497 PG 1396 PER OR 6622 PGS 1312-1314 PER OR 6634 PG 2945 PER OR 6816 PG 0127 PER OR 7420 PG 2577 PER OR 7660 PG 2508 PER OR 8196 PG 2551 PER OR 8206 PG 1829 PER OR 8209 PG 4205 PER
- Tax Annual Amount
- 7755
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Zoned, Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1901
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Wood, Tile
- Building materials
- Brick, Frame, Vinyl Siding, Wood Siding
- Roof type
- Shingle
Listing agent Dan Lyonnais (386) 852-7932
Listing office Adams, Cameron & Co., Realtors 600 S Atlantic Ave, Daytona Beach, FL (386) 258-5500
Listing date May 30, 2025
MLS# 1213963
Listing URL
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Immediate Cash Flow: Fully renovated, income‑producing portfolio of historic, co‑living, and single‑family residential assets.
- Significant Discount: Available for $1.5 million all‑cash (45‑day close), equating to under $90 per square foot.
- Fully Furnished: All furnishings included (estimated $100K value).
- Prime Location: 1.5 acres with 164 feet of US‑1 frontage in Downtown Daytona Beach.
- Development Potential: Includes three additional buildable lots at no extra cost on T‑2 zoned parcels.
- Large Renovated Space: 16,700 sq‑ft of renovated, stabilized income property.
Overview
This is a portfolio opportunity featuring a collection of historic, co-living, and single-family residential assets situated on 1.5 acres with 164 feet of frontage on US-1 in Downtown Daytona Beach. The portfolio consists of three fully renovated buildings on five contiguous parcels, zoned T-2. The total property size is 16,700 square feet. The sale includes three additional buildable lots at no additional cost. The properties are located in Daytona Beach, Florida, with a postal code of 32114, in Volusia County.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.41M
NOI $127,255 @ 9.00% cap · cautious / downside scenario
Moderate
$1.82M
NOI $127,255 @ 7.00% cap · market / base-case scenario
Aggressive
$2.55M
NOI $127,255 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $258.5k | $15.48 |
| − Vacancy | −$27.1k | −$1.63 |
| EGI | $231.4k | $13.85 |
| − OpEx | −$104.1k | −$6.23 |
| NOI | $127.3k | $7.62 |
16,700 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,255 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.92M
$4.31M – $5.74M
NOI $344,688 @ 7.0% cap · market cap 20.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.019862
- Latitude
- 29.20468
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Fully renovated, income-producing portfolio on 1.5 acres in Daytona Beach.
Where is this multifamily property located?
The property is located at 404 S Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Immediate Cash Flow: Fully renovated, income‑producing portfolio of historic, co‑living, and single‑family residential assets.; Significant Discount: Available for $1.5 million all‑cash (45‑day close), equating to under $90 per square foot.; Fully Furnished: All furnishings included (estimated $100K value).
