Ad #7656616
MLS #A12011183
RARE OPPORTUNITY! 60-UNIT VALUE-ADD MULTIFAMILY PORTFOLIO IN
1208 S Ridgewood Ave, Daytona Beach, FL 32114
$8,888,888
--Beds
--Baths
--Sqft
1.72Acres
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 Features
0 Beds
0 Baths
0 Sqft
1.72 Acres
2 Stories
Daytona Beach Golf Club
On Golf Course
Guest
Siding: Block, Frame, Stucco
Shingle Roof
Volusia County
Additional Photos
Contact Information
Madelyn Andrade
Keyes Company Realtors
786-624-7335
Location
Listing Agent: Madelyn Andrade (License #: 3188906) 786-624-7335
Broker: Keyes Company Realtors 305-371-3592 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keyes Company Realtors 305-371-3592 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
GolfHomes.com
Printed Aug 11, 2026
Photo Gallery
$8,888,888
--
Beds
--
Baths
--
Sqft
1208 S Ridgewood Ave, Daytona Beach, FL 32114
By contacting this agent you agree to these Terms and Conditions.
MLS# A12011183
RARE OPPORTUNITY! 60-UNIT VALUE-ADD MULTIFAMILY PORTFOLIO IN
$8,888,888
1208 S Ridgewood Ave, Daytona Beach, FL 32114
--
Beds
--
Baths
--
Sqft
1.72
Acres
$8,888,888
1208 S Ridgewood Ave, Daytona Beach, FL 32114
-- Beds
-- Baths
-- Sqft
1.72 Acres
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.
102 days
on GolfHomes.com
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
1.72 Acres
2 Stories
GOLF COURSE & VIEW
Daytona Beach Golf Club
On Golf Course
EXTERIOR
Guest
Siding: Block, Frame, Stucco
Shingle Roof
FINANCIAL & COMMUNITY
Volusia County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7656616
Viewed
49 times
Listing Status
Active
Added
May 01, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Miami REALTORS®
Source Property ID
A12011183
Listing Agent: Madelyn Andrade (License #: 3188906) 786-624-7335
Broker: Keyes Company Realtors 305-371-3592 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keyes Company Realtors 305-371-3592 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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