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    5080 Ridgewood Ave Port Orange, FL 32127

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    For Sale
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    Port Orange, FL Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fully renovated 18-unit extended-stay property in Port Orange, Florida, offers a compelling investment opportunity. Located at 5080 S Ridgewood Ave, Port Orange, FL 32127, this multifamily building boasts a gross annual income of $336,000, translating to a weekly income of $6,275 per unit. The property features a 14.30% cap rate, indicating a strong return on investment. Comprehensive renovations include a new roof, electrical, mechanical, and plumbing systems, minimizing future maintenance concerns. An optional adjoining half-acre lot provides potential for expansion. The property was fully occupied as of January 31, 2023. This innovative investment alternative presents a robust cap rate solution within a thriving real estate market. The property's consistent income stream and strategic location in Port Orange make it an attractive option for investors seeking a secure and high-yielding asset. The combination of a fully renovated building, strong financial performance, and the potential for future development makes this a truly exceptional investment opportunity. Don't miss the chance to acquire this income-generating gem in the desirable Daytona Beach area.

    Property Features for 5080 Ridgewood Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    18

    HighLights

    • Fully renovated 18‑unit extended‑stay property in Port Orange, FL.
    • $336,000 gross annual income; $6,275 weekly per unit.
    • 14.30% cap rate.
    • New roof, electrical, mechanical, and plumbing systems.
    • Optional adjoining half‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.9817995
    Latitude
    29.1300149

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    FAQs

    What type of property is this?
    Multifamily property - Port Orange, FL Investment Opportunity
    Where is this multifamily property located?
    The property is located at 5080 Ridgewood Ave Port Orange, FL.
    What are key features of this property?
    This property features: Fully renovated 18-unit extended-stay property in Port Orange, FL.; $336,000 gross annual income; $6,275 weekly per unit.; 14.30% cap rate.
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    Port Orange, FL 32127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5080 Ridgewood Ave Port Orange, FL 32127
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