1033 Ridgewood AveDaytona Beach, FL 32114

This 2,985 sq ft apartment building in Daytona Beach, FL, presents a compelling value-add investment. Located at 1033 S Ridgewood Ave, this 1954-built, concrete block structure underwent renovations in 2020. Currently boasting 8 units and 8 bathrooms, with 50% occupancy generating over $5,000 monthly rental income, the property offers significant upside potential. The 0.38-acre lot provides ample parking. Previously used as a medical office, the building's versatile layout allows for conversion back to office space or continued operation as a rental property. The seller is offering financing options. The property features a large parking lot and is situated on a desirable corner lot. All information is deemed reliable but should be independently verified. This is a rare opportunity to acquire a multifamily property in a prime Daytona Beach location. The building's solid construction and recent renovations provide a strong foundation for future growth. The potential for increased rental income through full occupancy makes this a highly attractive investment.