1234 Ridgewood Ave Daytona Beach, FL 32114-6178

This exceptional investment opportunity presents a well-maintained, 24-key motel situated on a busy section of US1 in Daytona Beach, Florida. The Sunshine Inn boasts a total of 9,346 square feet across two single-story buildings on a spacious 53,676 square foot lot. Built in 1954, the property includes 24 guest rooms and a substantial owner's quarters. Recent improvements include roofs that are less than two years old, eliminating immediate deferred maintenance concerns. The property is offered at $1,900,000, representing a price per square foot of $203.30. The current Net Operating Income (NOI) is $334,518, with a pro-forma NOI of $278,262, yielding a pro-forma capitalization rate of 14.65%. This turnkey operation presents a strong cash flow and significant upside potential. The property's location and size make it an attractive candidate for potential multi-family conversion. Owner financing is available upon request. This is a rare opportunity to acquire a profitable, established motel in a high-demand tourist destination. Don't miss this chance to secure a lucrative investment in a thriving market.