610 S Ridgewood Avenue, Daytona Beach, FL 32114
- $650,000
- 1,860
- SqFt
- List Price
- $650,000
- Status
- Active
- Days on Market
- 2
- MLS#
- O6436253
- Property Style
- Multi-Family 5+
- Year Built
- 1915
- Living Area
- 1,860
- Lot Size
- 8,777
- Acres
- 0.20
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Marshall Blk 15 Daytona
- MLS Area Major
- Daytona Beach
Property Description
Rare corner-lot investment opportunity at the intersection of S Ridgewood Ave & Cedar St, in the heart of a rapidly gentrifying Downtown Daytona Beach corridor. This 5-unit property is priced to move at roughly $125K/door as-is, offering an immediate cash-flowing asset in a location surrounded by ongoing redevelopment and rising rents. But the real story here is the upside: the sale includes an adjacent parcel, bringing total assemblage to approximately 0.40 acres — situated within Downtown zoning that permits up to 40 units per acre. That opens the door to a long-term redevelopment play of an estimated 12–16 units on the combined site (buyer to verify with the City of Daytona Beach Planning Division), essentially tripling the unit count from what's on the ground today. Whether you're an investor looking for stabilized income now with a built-in expansion runway, or a developer eyeing infill density in one of Daytona's fastest-growing submarkets, this corner offers both. Walking distance to the Halifax River, downtown core, and the beachside corridor — in a location where new construction and renovation activity keep pushing values upward. Hold it, lease it, or reposition it. Opportunities to acquire this much upside on a single corner in Downtown Daytona don't come around often.
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Additional Information
- Taxes
- $2919
- Annual Gross Income
- 60840
- Community Features
- No Deed Restriction
- Zoning
- 02T2
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Cedar, Frame
- Foundation
- Block, Pillar/Post/Pier
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 5339-16-00-0020
- Legal Description
- 39-15-33 S 37.5 LOT 2 & INC N 1/2 OF LOT 3 EXC HWY MARSHALL SUB BLK 15 DAYTONA MB 15 PG 123 PER OR 4378 PG 2450 PER OR 7092 PG 0998 PER OR 7284 PG 4413 PER OR 7308 PG 3825 & 3826 PER OR 8125 PG 3763
Listing courtesy of CHARLES RUTENBERG REALTY ORLANDO. 407-622-2122
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