Commercial Sale · Income/MultiFamily
1208 S Ridgewood Ave, Daytona FL 32114, DAYTONA, FL, 32114
Active109 days on marketListed May 1, 2026MLS #A12011183
About this property
The property at a glance
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.
41,397
Building sq ft
$215
Price / sq ft
1.72
Lot acres
9
Buildings
Income/MultiFamily
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$48,278/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Kevin to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
36,984
Population
$39,906
Median income
32.2
Median age
2.1
Avg household
$174,900
Median home value
$1,171/mo
Median rent
3,080
Households w/ kids
Recent sales
What actually sold near 1208 S Ridgewood Ave
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,075,433
2102 S NOVA ROAD
Sold Oct 10, 2025
$250,000
1871 S RIDGEWOOD AVENUE
Sold Oct 27, 2025
$140,000
2043 S ATLANTIC AVENUE
Sold Jun 15, 2026
Your team
The pros in your corner
Your agent
Kevin Johnson
CEO & Managing Broker · CENTURY 21 Edge
Tours, offers, and every question about 1208 S Ridgewood Ave — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1208 S Ridgewood Ave.
See it in person
Schedule a tour
Live availability from Kevin's calendar — pick a time and it's booked.
Listing courtesy of The Keyes Company · Madelyn Andrade. MLS #A12011183.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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