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542 N Ridgewood Ave
Daytona Beach, FL 32114
Multifamily Property For Sale
·
10 Units
Investment Highlights
- 10-unit multifamily property
- Currently 80% leased
- Estimated 10%+ cap rate with even higher pro forma cap
Executive Summary
10-unit multifamily property spread across 3 buildings. Mix of studio and 2 bedroom units.
This ten-unit multifamily investment opportunity in central Daytona Beach provides strong income potential with a favorable location for long-term appreciation. Current configurations include a mix of two-bedroom units and studios situated across three separate buildings, offering diverse tenancy options in an area with steady rental demand. Many units have been updated with varied flooring finishes such as tile, laminate, and wood, enhancing durability and reducing maintenance.
This ten-unit multifamily investment opportunity in central Daytona Beach provides strong income potential with a favorable location for long-term appreciation. Current configurations include a mix of two-bedroom units and studios situated across three separate buildings, offering diverse tenancy options in an area with steady rental demand. Many units have been updated with varied flooring finishes such as tile, laminate, and wood, enhancing durability and reducing maintenance.
Property Facts
| Price Per Unit | $93,078 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 10% | Building Size | 4,942 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2024 |
| Property Subtype | Apartment | Parking Ratio | 3.13/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3 - Three Family | ||
| Price Per Unit | $93,078 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 4,942 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1925/2024 |
| Parking Ratio | 3.13/1,000 SF |
| Zoning | R3 - Three Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Property Taxes
| Parcel Number | 5338-38-00-0580 | Improvements Assessment | $259,103 CAD |
| Land Assessment | $82,219 CAD | Total Assessment | $341,322 CAD |
Property Taxes
Parcel Number
5338-38-00-0580
Land Assessment
$82,219 CAD
Improvements Assessment
$259,103 CAD
Total Assessment
$341,322 CAD
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