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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

Property Features for 5080 Ridgewood Ave

General Information

Property type
Multifamily properties

Building Details

Units
18

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Listing Contact
Dino Dodani
Dino Dodani

Listing Agent: Dino Dodani

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

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

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

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.
(386) 679-0888 Call to check price and availability
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