Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Ridgewood Ave Holly Hill, FL 32117

    Sponsored
    For Sale
    Contact for pricing

    1455 Units, $140M Value-Add Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of 1,455 units spread across ten buildings in Holly Hill, Florida. Currently operating at 100% occupancy, this Class C multifamily property, built in 1980, is zoned for Airbnb and short-term rentals, offering significant upside potential. Each unit generates a current weekly income of $400, providing a substantial existing revenue stream. The property's location in Volusia County, Florida, near numerous tourist attractions, allows for significant rental rate increases. With strategic marketing and minor cosmetic improvements, individual units could command well over $700 per week, dramatically increasing the return on investment. The portfolio's 1455 units are categorized as both apartment buildings and student housing, providing a diverse tenant base. This value-add investment is priced at $140,000,000 and represents a rare opportunity to acquire a large-scale, high-performing short-term rental portfolio in a prime Florida location. The property is situated on Ridgewood Ave, Holly Hill, FL 32117. Serious inquiries only

    Property Features for 0 Ridgewood Ave

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Year Built
    1980
    Buildings
    10
    Units
    1455
    Property Profile Location Intelligence

    Current Use by Public Records

    Dormitories

    Map

    City
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.0410439
    Latitude
    29.2445312

    Nearby Comparable

    • $750,000
      5,710 SF

      Retail/Development Site on US-1

      Retail/development site on US-1 in Holly Hill, Florida.
      1078 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $199,000
      5,471 SF

      Lawn & Garden Business Opportunity

      Established lawn and garden equipment sales and service business for sale.
      Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $1,151,000
      3,832 SF

      Ranch Motel: Daytona Beach Investment

      12-Unit Motel, High Traffic Location, Redevelopment Opportunity
      1028 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $1,151,000
      3,832 SF

      Daytona Beach Motel Investment

      12-Unit Motel, Prime Location, High Returns
      1028 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $1,151,000
      3,700 SF

      Daytona Beach Motel Near Pictona

      12-unit motel with owner's apartment near Daytona Pictona Field.
      1028 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $1,151,000
      3,832 SF

      Daytona Beach Motel For Sale

      12-unit motel with owner's apartment near LPGA Boulevard.
      1028 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $1,100,000
      4,513 SF

      Freestanding Building on Signalized Corner

      4,513 SF building on 1.17 acres with six drive-thru lanes.
      1630 Ridgewood Ave, Holly Hill, FL
      View Details
    • $400,000
      2,475 SF

      Freestanding Building on High Traffic Corner

      Freestanding block building suitable for auto repairs and sales.
      348 Mason Ave, Holly Hill, FL
      View Details
    • $1,945,000
      4,702 SF

      Daytona Beach Retail Investment Opportunity

      Fully occupied two-tenant retail asset in Daytona Beach, Florida.
      915 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $1,350,000
      5.14 Acres

      Holly Hill Commercial Land Investment

      5.14 Acres, Two Parcels, Prime Location
      403 10 St, Holly Hill, FL 32117
      View Details
    • $7,950,000
      80 SF

      80 Acres at LPGA Boulevard

      80 acres of commercial land at LPGA and I-95.
      Lpga Blvd, Daytona Beach, FL 32124
      View Details

    Nearby Similar for Sale

    • $250,000
      2,515 SF

      Commercial Duplex in Holly Hill

      Income-producing commercial duplex with restaurant and office spaces.
      486 Lpga Blvd, Holly Hill, FL 32117
      View Details
    • $1,100,000
      4,513 SF

      Freestanding Building on Signalized Corner

      4,513 SF building on 1.17 acres with six drive-thru lanes.
      1630 Ridgewood Ave, Holly Hill, FL
      View Details
    • $400,000
      2,475 SF

      Freestanding Building on High Traffic Corner

      Freestanding block building suitable for auto repairs and sales.
      348 Mason Ave, Holly Hill, FL
      View Details
    • $1,050,000

      Holly Hill Multifamily Investment

      12-Unit Apartment Building, High ROI
      467 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • $1,199,900
      6,300 SF

      Daytona Beach Storefront - $1.2M

      Retail/Warehouse, High-Traffic Location
      719 Ridgewood Ave, Holly Hill, FL 32114
      View Details
    • $525,000

      Holly Hill Warehouse - $525K

      Spacious warehouse, dual zoning, ideal for business & living.
      120 State Ave, Holly Hill, FL 32117
      View Details
    • $1,400,000
      14,492 SF

      Holly Hill Storefront Investment

      Prime Volusia County retail building, high-traffic location.
      1501 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • $1,100,000
      4,513 SF

      Holly Hill Retail Investment

      Prime 4,513 SF Bank Building, 1.17 Acres
      1600 Ridgewood Ave, Holly Hill, FL 32117
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 1455 Units, $140M Value-Add Opportunity
    Where is this multifamily property located?
    The property is located at Ridgewood Ave Holly Hill, FL.
    What is the asking price?
    The asking price for this property is $140,000,000.
    Request Owner's contact information
    Ridgewood Ave Holly Hill, FL 32117
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Ridgewood Ave
    Holly Hill, FL 32117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Ridgewood Ave Holly Hill, FL 32117
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.