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13369155
13368388

507 N Ridgewood Ave, Daytona Beach, FL 32114

DD
FL FL SL3221388
Epique Realty Inc
Listed by Epique Realty Inc
$1,895,000
131 days on market
Updated 55 days ago

15 units! 503,507-509 Ridgewood and 232 Fairview

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,066
Cap Rate 10.25%
NOI $194,300
Pro-Forma Cap Rate 10.55%
Pro-Forma NOI $200,000
Price per SqFt $268
Buildings 4
Stories 2
Zoning MULTIFAMILY
Investment Type Value Add

Multifamily | 10.25% CAP

Marketing description

Whether you're looking to purchase one of my listings or explore opportunities elsewhere across the country, securing financing has never been easier. By visiting https://dinododani.commloan.com/ , you can apply for a loan online quickly and effortlessly.

Contact the lender for anything you are working on:

Ed Thach-Director

602-390-6800

ethach@commloan.com

Bringing Efficiency To Commercial Real Estate Lending

9112 E Verde Grove View, Suite 105

Scottsdale, AZ 85255

Incredible Investment Opportunity: Three Prime Properties in Daytona Beach, FL

Discover a golden opportunity to secure not one but three exceptional properties in the heart of Daytona Beach, Florida, offering a total of 15 income-generating units. These properties present a blend of mixed-use professional/residential zoning, promising a world of potential for the savvy investor.

507 N Ridgewood Ave, #509, Daytona Beach, FL 32114

  • Florida Money Maker

  • Presented by Dino Dodani - Florida Real Estate License: 2530

  • Contact: Mobile: (386) 679-0888, Email: dinod78@gmail.com

  • eXp Realty, 444 Seabreeze Blvd. Unit 460, Daytona Beach, FL 32118

Property Highlights:

  • Conveniently located near the beach, river, highway, Daytona Speedway, One Daytona, and the Tanger outlets.

    • 507 N Ridgewood Ave boasts two beautifully updated structures with a total of 3 separate units.

      • Unit #507: The front building includes 2 separate units. The 2nd story/attic can be converted into an additional unit with its own entrance, kitchen, and bathroom.

      • Unit #1 (1st Floor): A spacious 4-bed, 2-bath unit currently rented for $1,450 per month. Features hardwood floors and more.

503 N Ridgewood Ave, Daytona Beach, FL

  • Adjacent Property

  • Additional Income Opportunity

Property Highlights:

  • Right next door to 507 N Ridgewood Ave, this property offers its own set of investment opportunities. Details available upon inquiry.

232 Fairview, Daytona Beach, FL

  • Third Property in Your Investment Portfolio

  • Opportunity Knocks

Property Highlights:

  • The third jewel in your investment crown, 232 Fairview, awaits your vision and strategy. This property offers further income potential, adding to the combined value of your investment portfolio.

With these three strategically located properties, you secure a total of 15 income-generating units. Daytona Beach's appeal, with its proximity to the beach, river, highway, and major attractions, ensures a steady stream of potential tenants. Contact Dino Dodani, a trusted professional in the real estate industry, for more information or to explore these promising investment options.

Don't miss out on this unique chance to own a multi-unit property portfolio in sunny Daytona Beach, Florida!

Investment highlights

Appraisal Conclusions

Based on the analyses and conclusions in the accompanying report, and subject to the definitions, assumptions, and limiting conditions expressed in this report, we have developed the following conclusions:

VALUE CONCLUSIONS

  • FINAL VALUE SUMMARY

  • Type: AS IS

  • Date: 6-3-2023

  • Type of Value: Market Value Real Estate Only

  • Portion Value: $2,760,000

Listing Contacts

DD
FL FL SL3221388
Epique Realty Inc
Listed by Epique Realty Inc

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$194,300.00
$16,191.67/mo

Valuation Metrics

0
DSCR
10.25%
Cap Rate
10.25%
ROI

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Additional Information

Name
Dino Dodani
License
FL SL3221388
Brokerage
Serhant
Brokerage Phone
3866790888
Title
FL
Brokerage Address
37 North Orange Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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