920 S RIDGEWOOD AVE #1 new Save Request In-Person Tour Request Virtual Tour
Daytona Beach,FL 32114
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,546 sqft
Price per Sqft $195
Subdivision Higbees Daytona
MLS Listing ID O6356688
Bedrooms 12
Year Built 1953
Annual Tax Amount $4,629
Lot Size 0.640 Acres
Property Sub-Type Quadruplex
Property Description
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.
Location
State FL
County Volusia
Community Higbees Daytona
Area 32114 - Daytona Beach
Zoning 02T3
Interior
Heating Ductless
Cooling Wall/Window Unit(s)
Laundry None
Exterior
Exterior Feature Other
Utilities Available Public
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Others
Special Listing Condition None