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Active - Other for sale
1208 S Ridgewood Ave, Daytona FL 32114, Daytona Beach, FL
Facts & features
Why you’ll love it
RARE OPPORTUNITY! 60-UNIT VALUE-ADD MULTIFAMILY PORTFOLIO IN PRIME DAYTONA BEACH LOCATION WITH US-1 FRONTAGE! Income-producing asset featuring 60 UNITS across 9 BUILDINGS on 1.72 ACRES, offering IMMEDIATE CASHflow with significant upside potential. the property delivers strong in-place income with opportunity for increased NOI through continued lease-up and rent growth. Over $500,000 in capital improvements have been completed, with approximately 51 of units renovated, rented, and the remaining units scheduled for COMPLETION PRIOR TO CLOSING. Renovated units feature modern kitchens, updated appliances, designer finishes, and luxury vinyl flooring. Unit mix includes 40 one-bedroom units, 13 studios, and 7 two-bedroom units, well-positioned for strong workforce and student housing demand near Embry-Riddle and Daytona State College. Structured as a MULTI FOLIO OVAL ASSAMBLAGE with zoning allowing potential hotel conversion, offering long-term flexibility and redevelopment optionality. Located along the high-visibility US-1 corridor and minutes from Daytona Beach, this asset supports multiple EXIT strategies including long-term hold, refinance, repositioning, or redevelopment. Ideal for multifamily operators, private investors, and 1031 exchange buyers seeking scale, yield, and value creation in a high-demand rental market.
Listings courtesy of The Keyes Company.
Listed by: Madelyn Andrade • 786-624-7335 • The Keyes Company
Co-listed by: The Keyes Company
Source: Miami MLS, MLS#: A12011183
Based on info available as of Nov 12, 2026 at 7:10 PM EST.
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Affordability
$44,947/mo
- Mortgage$44,947
- Property tax$0
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$177,778 Credit back
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Travel times
About Daytona Beach
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements.
Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
Copyright ©2026.
Based on information as of Nov 12, 2026 at 07:10pm EST.
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$177,778 Credit back
