934 S Ridgewood Avenue Daytona Beach, FL 32114
Turnkey multifamily with 25 bedrooms and five independent apartments, supported by roof, window, and systems upgrades.
Property Features for 934 S Ridgewood Avenue
General Information
- Standard status
- Active
- Size
- 9,012 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1910
Listing office ADAMS, CAMERON & CO., REALTORS (386) 673-2100
Listing date Apr 25, 2026
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of ADAMS, CAMERON & CO., REALTORS
Investment Insights
Based on property information with market context.
Located in Daytona Beach on South Ridgewood Avenue, the property benefits from highly visible frontage. It is described as being one block from Daytona’s redevelopment district, with close proximity to the beach, retail, dining, and major thoroughfares.
From a tenant and operating standpoint, the layout is designed to support multiple residential use cases, including co-living, workforce housing, short-term rentals, or traditional multifamily leasing, depending on how the units are configured and marketed. With five separate apartments already in place and a bedroom-focused arrangement throughout, the property offers a practical framework for both straightforward leasing and more flexible accommodation models, while the extensive system upgrades help reduce near-term capital concerns for day-to-day operations.
Key Highlights
- Built in 1910: historic Daytona Beach commercial property originally constructed as a private residence
- 9012 SF building with a 25‑bedroom configuration, including many bedrooms with private baths (as described)
- Five fully independent apartments, creating separate income streams within the multifamily layout
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.5k | $15.48 |
| − Vacancy | −$14.6k | −$1.63 |
| EGI | $124.9k | $13.85 |
| − OpEx | −$56.2k | −$6.23 |
| NOI | $68.7k | $7.62 |
