1208 Ridgewood Ave , en Venta & Alquilar

1208 Ridgewood Ave en Venta & Alquilar

Precio $8,888,888.00

• Tamaño de lote 41397
• Año de construcción
• Frente al agua
• Zip 32114
• Estilo
• Parking Descripción Common, Free Parking, Guest
• Piscina Yes
• Estado Active

Descripción

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.

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.

City:Daytona,List A O R:A-Miami Association of REALTORS,Stories:2,Flooring:1:Wood,Latitude:29.1903146,List Price:8888888,Listing Id:A12011183,Longitude:-81.0121867,Mls Status:Active,Inclusions:Building & Land,Fixtures,Leases,Postal Code:32114,Street Name:Ridgewood Ave,Coordinates:1:29.1903146,Photos Count:27,Business Type:1:Residential-Multi-Family,Days On Market:36,Listing Terms:1:Conventional/Refinance,Lot Size Acres:1.72,Lot Size Units:Square Feet,M I A M I R E_ Area:5940 Florida Other,On Market Date:2026-05-01,Parcel Number:40 15 33 03 03 0010,Parking Total:78,Property Type:Commercial Sale,Stories Total:2,Street Number:1208,Public Remarks: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.,County Or Parish:Volusia County,Expiration Date:2027-04-30,List Office Name:The Keyes Company,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Free Parking,2:Guest,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:S,Unparsed Address:1208 S Ridgewood Ave, Daytona FL 32114,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:41397,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Number Of Buildings:9,Original List Price:8888888,Attribution Contact:786-624-7335,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,M I A M I R E_ Num Toilets:60,Syndication Remarks: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.,Listing Contract Date:2026-05-01,Originating System I D:miamire,Showing Instructions:Showing Assist,Street Number Numeric:1208,M I A M I R E_ Current Price:8888888,Construction Materials:1:CBS Construction,2:Frame With Stucco,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:RARE 60-unit value-add portfolio on US-1! Strong cash flow, 9 buildings, 1.72 acres, renovated units, major upside, near beach & universities.,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$29.190315$-81.012187$196.72$13.33$1.00$WGd2h5IXwwQodfvH2DqRhA,Contract Status Change Date:2026-05-01,Internet Address Display Y N:1,Number Of Units In Community:60,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Acreage Description:1+ To 2 Acres,M I A M I R E_ Attribution Contact:786-624-7335,M I A M I R E_ Agent Alternate Phone:786-624-7335,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1208 S Ridgewood Ave,M I A M I R E_ Multiple Offers Accepted Y N:1,