819 Ridgewood Ave Daytona Beach, FL 32114
- Commercial real estate
Current Use by Public Records
- Fast Tax / Tax Preparation
Property Details for 819 Ridgewood Ave
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0304576
- Latitude
- 29.2258468
