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467 Ridgewood Ave Holly Hill, FL 32117

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For Sale
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12-Unit Apartment Building, High ROI

Property Features for 467 Ridgewood Ave

General Information

Property type
Multifamily properties
Class
C

Building Details

Units
12

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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 rented 12-unit apartment building presents a compelling value-add investment opportunity in Holly Hill, Florida. Located in the desirable Oak Ridge Park subdivision at 467 Ridgewood Ave, Daytona Beach, FL 32117, this property boasts a total of 2,832 square feet on a generous 11,250 square foot lot. Built in 1954, the building features durable concrete block and siding construction, minimizing maintenance needs. Each of the 12 efficiency units is equipped with wall/window air conditioning units and essential appliances (ranges and refrigerators). Ample parking is available with 15 spaces, a mix of off-street and parking lot options. The property is currently generating income as weekly rentals, providing a strong rental history and immediate cash flow. Zoned "MOTEL/HOTEL," this versatile property offers significant upside potential for future development or alternative uses within the thriving hospitality sector. The asking price is $1,050,000, representing $87,500 per unit. The property benefits from its convenient location near Daytona Beach, with easy access to Ridgewood Avenue and major transportation routes. Nearby amenities include various dining, shopping, and entertainment options. Public sewer and city water services are readily available. The seller is open to financing with a 50% down payment and a 7% interest rate for a two-year term. This is a rare opportunity to acquire a well-located, income-producing multifamily property with significant potential for appreciation.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Holly Hill
County
Volusia
State
Florida
Longitude
-81.0350315
Latitude
29.2341235

FAQs

What type of property is this?
Multifamily property - 12-Unit Apartment Building, High ROI
Where is this multifamily property located?
The property is located at 467 Ridgewood Ave Holly Hill, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Fully rented 12-unit apartment building in Daytona Beach, FL.; 2,832 sq ft building on an 11,250 sq ft lot, built in 1954.; 12 efficiency units with appliances, 15 parking spaces, and concrete block construction.
(386) 679-0888 Call to check price and availability
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