480 Reed Canal Rd - Apartments FOR SALE


South Daytona, FL 32119
$3,095,000 USD
386-690-1447
480 Reed Canal Rd, South Daytona, FL for Sale
$3,095,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

480 Reed Canal Rd
South Daytona, FL 32119


HIGHLIGHTS

  • Assumable financing
  • Stabilized portfolio with updated units

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,095,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

22

PRICE/UNIT

$140,682

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverwood Village

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.71 AC

LAND SF

205,168 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brock BolducSun Pro Realty and ManagementMore Info
386-690-1447

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Brock BolducSun Pro Realty and ManagementMore Info
386-690-1447

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.