South Daytona, FL 32119,480 Reed Canal RD
South Daytona, FL 32119,480 Reed Canal RD
South Daytona, FL 32119,480 Reed Canal RD
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$3,095,000
Est. payment /mo
44 Beds
44 Baths
1,024 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,024 sqft

Price per Sqft $3,022

Subdivision Riverwood Village Condo

MLS Listing ID 1210441

Bedrooms 44

Full Baths 22

Half Baths 22

Originating Board Daytona Beach Area Association of REALTORS®

Year Built 1986

Annual Tax Amount $2,432

Property Sub-Type Multi Family

Property Description

This 22-unit townhome portfolio in South Daytona is a rare chance to secure a high-performing investment with strong cash flow and assumable financing for added flexibility. With high occupancy, individually deeded units, and modern upgrades, this portfolio is already producing solid returns—with even more potential to grow.

Each townhome offers updated interiors, private patios, assigned parking, and access to a community pool, making them a favorite among renters. The area's strong rental demand and upward-trending market rents create plenty of room to boost income and long-term value.

With assumable financing below current market rates in place, getting into this deal is even easier. Whether you plan to hold for passive income, push rents for higher returns, or sell units individually down the line, this portfolio offers multiple ways to win. Opportunities like this don't come around often—don't let it pass you by.

Location

State FL

County Volusia

Community Riverwood Village Condo

Direction From US1, W on Reed Canal Rd, Community is on the right hand side

Interior

Heating Central, Electric

Cooling Central Air

Exterior

Parking Features Assigned, Guest, Off Street, Parking Lot

Utilities Available Cable Connected, Electricity Connected, Separate Electric Meters, Separate Water Meters, Sewer Connected, Water Connected

Roof Type Shingle

Garage No

Building

Lot Description Zero Lot Line

Water Public

Structure Type Composition Siding

New Construction No

Others

Senior Community No

Tax ID Multiple

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional


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Listed by Sun Pro Realty and Management LLC