1208 S Ridgewood Avenue, Daytona Beach, FL 32114
$8,888,888
Property Type:
Commercial Sale
Square Footage:
41,397
Status:
Active
Current Price:
$8,888,888
List Date:
5/01/2026
Last Modified:
6/11/2026
Overview
Description
...
(Read more)
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 Details MLS# A12011183
General Property Information
- Number Of Buildings
- 9
- Property Sub Type
- Multi Family
- Occupant Type
- Tenant
- Building Area Main
- 41397
- Parking Total
- 78
- Lot Size Area
- 74923.2
- Lot Size Acres
- 1.72
Property Features
Flooring:
Laminate; Tile; Wood
Parking Features:
Common; Free; Guest
Possession:
Negotiable
Property Condition:
Resale
Sale Includes:
Building; Fixtures; Land; Leases
Construction Materials:
Block; CBS; Frame; Stucco
Listing Terms:
Cash; Conventional
Roof:
Shingle
Security Features:
Security Fence
Showing Requirements:
Showing Service
Acreage Description:
1 To Less Than 2 Acre Lot
Contract Information
- Comp Sale YN
- No
- Original List Price
- 8888888
Location and Legal
- Country
- United States
- County Or Parish
- Volusia
- County Parish Name
- Volusia
- Street Number
- 1208
- Street Direction Prefix
- S
- Street Name
- Ridgewood
- Street Suffix
- Avenue
- City Name
- Daytona Beach
- State Or Province
- FL
- Postal Code
- 32114
- Area
- 5940 - Other Florida County
- Parcel Number
- 40153303030010
- Multiple Offers Accepted
- Yes
Status Change Information
- Major Change Timestamp
- 2026-05-01T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-05-01
Building and Property Details
- # Of Toilets
- 60
More Information
Originating Details
- Originating System Key
- 460886727
- Originating System ID
- M00000151
Listing Office:
The Keyes Company
Last Updated: June - 11 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
