545 N RIDGEWOOD AVE new Save Request In-Person Tour Request Virtual Tour
Daytona Beach,FL 32114
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,560 sqft
Price per Sqft $307
Subdivision Rogers & Taylor
MLS Listing ID O6353591
Bedrooms 15
HOA Y/N No
Year Built 1954
Annual Tax Amount $8,629
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Presenting an exceptional opportunity to acquire a stabilized, income-producing multifamily asset in the heart of Daytona Beach. The property comprises nine (9) residential units, with eight units currently occupied, generating a net operating income (NOI) of $143,142 and a strong 10.22 cap rate. A majority of tenants are supported through federal housing, providing reliable, government-backed rental income and consistent cash flow.
Strategically positioned just minutes from Daytona Beach International Airport, Daytona International Speedway, and the city's revitalized downtown corridor, the property benefits from high visibility and proximity to key employment, education, and transportation hubs. This central location supports long-term tenant demand and ongoing appreciation potential in one of Florida's fastest-growing coastal markets.
Enhancing the offering are two adjoining vacant parcels — 224 Arlington Ave (0.10 acre) and 230 Arlington Ave (0.14 acre) — included in the sale. Together, these lots present an additional 0.24 acres of development potential, ideal for future multifamily expansion, parking facilities, or complementary commercial use.
This asset represents a rare opportunity to secure a well-performing investment with immediate income stability and tangible growth upside. Investors seeking a balance of dependable returns and long-term capital appreciation will find 545 N Ridgewood Ave an exceptional addition to any portfolio.
Location
State FL
County Volusia
Community Rogers & Taylor
Area 32114 - Daytona Beach
Zoning 0800 - MFR
Interior
Interior Features Open Floorplan
Heating Ductless
Cooling Wall/Window Unit(s)
Fireplace false
Laundry Common Area
Exterior
Exterior Feature Garden,Sidewalk
Parking Features Driveway
Utilities Available Electricity Connected,Sewer Connected,Water - Multiple Meters
Roof Type Concrete
Garage false
Private Pool No
Building
Lot Description Corner Lot
Foundation Block
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None