Active

1142 S Ridgewood Avenue

Daytona Beach FL, 32114

$13,500,000


$138.36 per sqft

Active

97,569 sqft

Commercial

Built in 1970

92 Unit Multifamily Offering For Two Communities In Daytona Beach and South Daytona Florida - Altura Apartment Homes and Villas One Apartment Homes.

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

1207984

MLS ID

January 15, 2025

Listed

January 15, 2025

Updated

Map

1142 S Ridgewood Avenue
Daytona Beach FL, 32114

Interior Features

Floor Description

Tile, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

1.8 Acres


Lot Features

Few Trees


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

99 - Other


Taxes

$55,367


Tax Frequency

Annually


Garage

No


Parking

Parking Lot


View

No


County

Volusia


Water Source

Public


Pool

No

 

Courtesy of EXP Realty LLC, Sean Sedita,
Listing Contact:  

Information is deemed reliable but not guaranteed. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.

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