1208 S Ridgewood AVE, Daytona Beach, FL 32114
1208 S Ridgewood AVE, Daytona Beach, FL 32114
1208 S Ridgewood AVE, Daytona Beach, FL 32114
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$8,888,888
Est. payment /mo
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41,397 SqFt
Active

1208 S Ridgewood AVE Daytona Beach, FL 32114

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Kevin Mecabe

Kevin Mecabe

+1(561) 635-2172

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 41,397 sqft

Price per Sqft $214

MLS Listing ID A12011183

Construction Status Resale

HOA Y/N No

Lot Size 1.720 Acres

Acres 1.72

Property Sub-Type Multi Family

Property Description

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.

Location

State FL

County Volusia

Area 5940 - Other Florida County

Interior

Interior Features InteriorFeatures

Flooring Laminate, Tile, Wood

Fireplace No

Exterior

Parking Features Common, Free Parking, Guest

Roof Type Shingle

Total Parking Spaces 78

Building

Lot Description 1-2 Acres

Structure Type Block,Frame,Stucco

New Construction No

Construction Status Resale

Others

Tax ID 40153303030010

Security Features Security Fence

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12011183

BeachesMLS, Inc. (FLR) IDX
Listed by Madelyn Andrade The Keyes Company

NEARBY SCHOOL & BUSINESS

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Kevin Mecabe

Kevin Mecabe

Broker

+1(561) 635-2172

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1208 S Ridgewood AVE

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