1142 S Ridgewood AVE Daytona Beach, FL 32114
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 97,569 sqft
Price per Sqft $131
MLS Listing ID 1207984
Year Built 1970
Annual Tax Amount $55,367
Lot Size 1 Sqft
Acres 1.8
Property Sub-Type Multi Family
Source Daytona Beach Area Association of REALTORS®
Property Description
eXp Realty Commercial is pleased to present the exclusive opportunity to acquire Altura Apartment Homes and Villas One Apartment Homes, two well-located residential communities in Daytona Beach and South Daytona. Together, these properties offer a total of 92 units—46 units at each location—designed to provide modern, spacious living options that appeal to families, professionals, and retirees alike.
Prime Location:
Situated in thriving markets along Florida's east coast, the properties are ideally positioned within 3 miles of major employers, including the new Amazon Distribution Center, Pepsi Distribution, Costco, and Boeing. Residents enjoy proximity to Daytona Beach's renowned attractions, educational institutions, and healthcare facilities, ensuring a consistent demand for quality housing. Market Growth:
The Daytona Beach and South Daytona region continues to experience robust economic expansion, supported by growth in key sectors such as tourism, healthcare, aerospace, and education. New developments and infrastructure enhancements contribute to the area's long-term appeal for residents and investors.
Job Growth & Rental Demand:
Steady job growth, driven by major employers like Halifax Health and Embry-Riddle Aeronautical University, has fueled a strong demand for housing. The area's limited new housing supply, high occupancy rates, and consistent rental increases present an excellent opportunity for stable rental income and future appreciation.
Assumable Loan Opportunity:
This offering includes an assumable loan, providing a unique advantage for investors seeking financing flexibility and enhanced returns.
Key Highlights:
Unit Mix: Spacious, modern units across two properties.
Desirable Location: Close to major employers, retail, dining, and entertainment options.
Economic Drivers: Strong job market and growth in healthcare, tourism, and aerospace industries.
Rental Growth Potential: Rising rental rates and high occupancy in the local market.
Investment Opportunity: Assumable loan for a seamless acquisition process.
Altura Apartment Homes and Villas One Apartment Homes are well-positioned to capitalize on Daytona Beach and South Daytona's dynamic growth, making this a compelling investment opportunity in a high-demand market.
Addresses:
Altura Apartment Homes - 1142 S Ridgewood Avenue Daytona Beach FL
Villas One Apartment Homes - 1835 Segrave St, South Daytona, FL
Location
State FL
County Volusia
Area 99 - Other
Direction Going south on Ridgewood Avenue(US1) from International Speedway, the subject property will be on the right hand side approximately 1 mile.
Region Daytona Beach
City Region Daytona Beach
Interior
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Heat Source Central
Exterior
Parking Features Parking Lot
View Y/N No
Roof Type Shingle
Building
Lot Description Few Trees
Sewer Public Sewer
Water Public
Structure Type Block
Others
Tax ID 5340-05-03-0072
Ownership Daytona Dream Ventures LLC