819 Ridgewood Ave Daytona Beach, FL 32114
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9-Unit Apartment Building, High NOI
Property Features for 819 Ridgewood Ave
General Information
- Property type
- Multifamily properties
- Class
- C
Building Details
- Units
- 9
Listing Agent: Dino Dodani
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 9-unit apartment building located at 819 N Ridgewood Ave, Daytona Beach, FL 32114, in Volusia County. The property boasts a strong 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $130,000, resulting in an attractive 11.82% cap rate. Priced at $1,100,000, this Class C multifamily property offers a price per unit of $122,222.22. The building is currently operating as a rental income property, making it an ideal owner/user investment. The property's location in Daytona Beach offers access to a thriving tourism industry, a growing population, and a business-friendly environment. Daytona Beach's diversified economy and strong transportation infrastructure further enhance its investment appeal. The property's zoning allows for a multitude of retail and automotive uses, presenting additional development potential. This is a rare opportunity to acquire a well-performing multifamily asset in a dynamic Florida market. The property consists of a two-story commercial building and a 9-unit apartment building, all currently generating income. This is a turnkey investment ready for immediate cash flow.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Fast Tax
Accounting Firm
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0304576
- Latitude
- 29.2258468
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FAQs
What type of property is this?
Multifamily property - 9-Unit Apartment Building, High NOI
Where is this multifamily property located?
The property is located at 819 Ridgewood Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Daytona Beach's robust tourism industry, fueled by its beaches and events like the Daytona 500, offers strong hospitality investment potential.; A growing population in the Greater Daytona Beach area fuels demand for businesses and real estate.; Florida's low taxes and pro-business environment create an attractive investment climate.