Active

$650,000

Features:
  • 12 Bedrooms
  • 5 Bathrooms
  • 3546 sq ft
Overview
  • ID: MFRO6356688
  • Bedrooms: 12
  • Bathrooms: 5
  • Size: 3546 sq ft
Property Details
Remarks
Presenting a rare opportunity to acquire a stabilized, income-producing 4-plex in a prime Daytona Beach location. This property features two separate buildings and delivers a high net operating income (NOI) of $72,638 with an impressive 10.45 cap rate, making it an outstanding choice for investors seeking strong, reliable cash flow. The property is fully occupied from a solid tenant base, providing dependable rental income and long-term stability thorough Federal Housing. Its strategic location ensures strong occupancy potential in one of Florida’s most active coastal markets. Located just minutes from Daytona Beach International Airport, Daytona International Speedway, and the vibrant downtown area, this asset offers convenient access to transportation, shopping, dining, and the world-famous beaches, combining both generous cash flow and appreciation potential. Whether you’re expanding your portfolio or seeking an investment in a desirable Daytona Beach neighborhood, 920 S Ridgewood Ave represents a rare opportunity to acquire a premium multifamily property with immediate income and long-term upside.
Financial Considerations
Price:
$650,000
HOA Fee:
N/A
Tax Amount:
$4629
Price per SqFt:
$183.31
Tax Legal Description:
S 15 FT OF LOT 2 & N 1/2 OF LOT 3 BLK 68 DAYTONA PER OR 4331 PG 0897 PER OR 7714 PG 2877 PER OR 7726 PG 0111
Exterior Features
Lot Size:
27968
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
12
Bathrooms:
5
Heating:
Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1953
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    920 S RIDGEWOOD AVE #1
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