1208 S Ridgewood Ave - Image 1
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$8,888,888

Price Changed

1208 S Ridgewood Ave

Daytona Beach, FL 32114•Volusia County
Multi FamilyFor SaleActive

Property Highlights

0 / 0

Beds / Baths

41,397

Square Feet

1.72

Acres

About This Property

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.

Property Details

Living Area41,397 sqft
Lot Size1.72 acres

Listing Information

MLS IDA12011183
MLS NameMiamiAssociationOfRealtors
Sale TypeFor Sale
Days on Market10 days
Last UpdatedMay 1, 2026
Price ChangedMay 1, 2026

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Quick Stats

Property Type:Multi Family
Status:Active
Listed:N/A
1208 S Ridgewood Ave - $8,888,888 Multi Family | Gabriella Gonda