Florida / Daytona Beach / 32114 / 209 South Ridgewood Avenue

209 South Ridgewood Avenue

Q: What is the asking price for 209 South Ridgewood Avenue in Daytona Beach?

The asking price for 209 South Ridgewood Avenue is $1,400,000

Q: What is the building size of this Multifamily property in Daytona Beach, FL?

The size of the building/unit at 209 South Ridgewood Avenue in Daytona Beach is 5,000 square feet.

Q: How much land does the Daytona Beach, FL property at 209 South Ridgewood Avenue include?

209 South Ridgewood Avenue in Daytona Beach includes 0.500 acres of land.

Q: What is the population within 1 mile of 209 South Ridgewood Avenue?

The population within 1 mile of 209 South Ridgewood Avenue Daytona Beach, FL 32114 is 11,780 people.

Q: Who do I contact for questions about 209 South Ridgewood Avenue?

You should contact the listing agent, Ray Turchi, for any details regarding this commercial listing.

Daytona Beach, FL 32114

Listing ID: 275610

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209 South Ridgewood Avenue | for Sale | Thumbnail 1

209 South Ridgewood Avenue | for Sale | Thumbnail 2

Building Size: 5,000 SF

Lot Size: 0.500 AC

Land Size: 21,780 SF

Building $/SF: $280.00

Land $/SF: $64.28

Price

$1,400,000

Property Highlights

All Tenants on 12 Month Initial Term Lease Agreements

History of High Occupancy Very Dependable Cash Flow

Full Alarm Sprinkler Fire Protection Monitoring

Located Only 1,000 Feet From International Speedway Boulevard

Less Than 1.5 Miles to Worlds Most Famous Daytona Beach

Numerous Top Retailers in 3 Mile Radius

Description

209 S Ridgewood is a 3-story rental property built in 1915 featuring fourteen (14) one bedroom/one bathroom floorplans and 11 studio-style units. The property has high historical occupancy and very dependable cash flow, with nearly 50% of the tenants being there for over 3 years and some longer than 7 years. Recent improvements made by the current owner include fully renovated dormitory-style hallway bathrooms on the 1st and 3rd floors; new storage shed in the back of the property; grilling area with pavilion and ice vending machine as resident amenities; added kitchenettes in the majority of the units which includes sinks, cabinets, and in some cases mini-fridges. An on-site laundry facility generates additional income and there are two one bed/one bath units currently being renovated which will be available for rent at $800/month after completion. Legacy Daytona Suites offers attractive cash-flow returns at takeover with many long-term paying tenants, with the value-add potential to add several individual unit bathrooms in existing common area space and capture rent upside with conversion of studios to one bedroom/one bathroom floorplans.

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

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Listing Demographics for 209 South Ridgewood Avenue Daytona Beach, FL 32114

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		11,780	76,598	148,230
Population Median Age		39	42	45
Population by Age	0-9 Yrs	1225 (10%)	8037 (10%)	13145 (8%)
	10-19 Yrs	1930 (16%)	7617 (9%)	13485 (9%)
	20-29 Yrs	1680 (14%)	11576 (15%)	21122 (14%)
	30-39 Yrs	1509 (12%)	8784 (11%)	15628 (10%)
	40-49 Yrs	1072 (9%)	7873 (10%)	15186 (10%)
	50-59 Yrs	1309 (11%)	11014 (14%)	21309 (14%)
	60-69 Yrs	1468 (12%)	11372 (14%)	23291 (15%)
	70+ Yrs	1586 (13%)	10324 (13%)	25064 (16%)

Median HH Income		$24,921	$34,002	$37,712
Total Household Income	< 24K	2466 (50%)	12262 (36%)	21905 (32%)
	25-49K	1155 (23%)	9618 (28%)	19367 (28%)
	50-74K	802 (16%)	5546 (16%)	11686 (17%)
	75-99K	248 (5%)	3010 (9%)	6426 (9%)
	100-199K	150 (3%)	2238 (6%)	6081 (9%)
	200K+	98 (1%)	745 (2%)	1577 (2%)

Highest Education Level	No Diploma	1243	7019	12400
	Diploma or GED	2169	17314	35257
	Some College	1817	13260	26361
	Assoc. Degree	745	5766	11705
	Bachelors Degree	1029	7923	16654
	Higher Degree	442	3904	8869

Total Housing Units		6,388	44,896	87,802
--Owner-Occupied		1,518	15,146	36,081
--Renter-Occupied		3,402	18,274	30,962
Owner-Occupied Values	< 100K	672	5205	10868
	100-199K	498	5471	13271
	200-299K	215	2358	6506
	300-399K	77	921	2416
	400-499K	26	499	1213
	500K+	29	692	1807

Total Working Age Population		9,982	64,944	128,247
In Work Force		4,103	33,453	66,990
Not In Work Force		5,879	31,490	61,257
Workforce Employed		3,788	31,415	62,709
Workforce Unemployed		313	2,013	4,221
Civlian Workforce		4,101	33,428	66,931
Military Workforce		2	26	59

Total Households		4,920	33,420	67,043
Family Households		1,859	15,685	33,125
Non-Family Households		3,061	17,735	33,918
Married Couple		892	8,811	21,030
Other Family		967	6,874	12,095
Married w/Child		220	1,968	4,356
Single Male w/Child		15	785	1,475
Single Female w/Child		423	2,618	4,174

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Florida	15,982,378	+18	18,801,310	+14	21,517,610	+13	24,340,457
Flagler County	49,832	+92	95,696	+18	112,463	+19	134,359
Volusia County	443,343	+12	494,593	+10	544,093	+9	594,289

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 209 South Ridgewood Avenue in Daytona Beach?

The asking price for 209 South Ridgewood Avenue is $1,400,000

What is the building size of this Multifamily property in Daytona Beach, FL?

The size of the building/unit at 209 South Ridgewood Avenue in Daytona Beach is 5,000 square feet

How much land does the Daytona Beach, FL property at 209 South Ridgewood Avenue include?

209 South Ridgewood Avenue in Daytona Beach includes 0.500 acres of land

What is the population within 1 mile of 209 South Ridgewood Avenue in Daytona Beach?

The population within 1 mile of 209 South Ridgewood Avenue Daytona Beach, FL 32114 is 11,780 people.

Who do I contact for questions about 209 South Ridgewood Avenue?

You should contact the listing agent, Ray Turchi, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Daytona Beach International Airport (DAB)	3
Orlando Sanford International Airport (SFB)	33
Orlando International Airport (MCO)	57