1202 #1 Ridgewood Ave Holly Hl Daytona Beach, FL 32117
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10-Unit Apartment Building, High ROI
Property size:
2,640 SFProperty Features for 1202 #1 Ridgewood Ave Holly Hl
General Information
- Property type
- Multifamily properties
- Square Feet
- 2,640 SF
Building Details
- Units
- 10
Listing Agency: eXp Realty Orlando Listing Agent: Justin Poritzky
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 10-unit apartment building in Daytona Beach, Florida presents a compelling investment opportunity. Located at 1202 #1 Ridgewood Ave, Holly Hill, FL 32117, this property boasts a total of 2,640 square feet and offers a current NOI of $76,200, translating to a 9.52% cap rate. Pro-forma projections indicate a significant increase in NOI to $88,200, resulting in an attractive 11.02% pro-forma cap rate. The asking price for this portfolio is $800,000, representing a price per unit of $80,000. Each of the ten efficiency units is currently rented, generating monthly rental income between $850 and $1000 per unit. The property benefits from a comprehensive HOA fee of $265 per unit, covering a wide range of essential services including water, electricity, gas, internet, cable television, landscaping, insurance, and pest control. The HOA encompasses a total of 105 units, ensuring a well-maintained and managed community. Owner financing is available, making this an easily accessible investment opportunity with substantial potential for growth and strong cash flow. This property is situated in Volusia County, Florida, offering a prime location within a thriving market.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Map
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0699462
- Latitude
- 29.240991
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FAQs
What type of property is this?
Multifamily property - 10-Unit Apartment Building, High ROI
Where is this multifamily property located?
The property is located at 1202 #1 Ridgewood Ave Holly Hl Daytona Beach, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 10-unit apartment building in Holly Hill, FL, offering a 9.52% cap rate and $76,200 NOI.; Pro-forma NOI projected at $88,200, resulting in an 11.02% pro-forma cap rate.; Asking price: $800,000 ($80,000 per unit).