SoldMulti FamilySold
480 Reed Canal Road
South Daytona, FL 32119
$2,400,000
- 44Beds
- 44Baths22 full, 22 half
- 1,024Sq Ft
- $2,344Per Sq Ft
- 1986Built
- Subdivision
- Riverwood Village Condo
- County
- Volusia
- MLS®
- 1210441
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.
Listing Snapshot
- Price
- $2,400,000
- Days On Site
- N/A
- Bedrooms
- 44
- Inside Area (SqFt)
- 1,024 sqft
- Total Baths
- 44
- Full Baths
- 22
- Partial Baths
- 22
- Lot Size
- N/A
- Year Built
- 1986
- MLS® Number
- 1210441
- Status
- Sold
- Property Tax
- $2,432 (2024)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Public Records
Property Details
General Features
10 items
- Additional Property Use
- Single Family
- Levels
- Two
- Number Of Stories
- 2
- Parking
- Assigned, Guest, Off Street, Parking Lot
- Property Sub Type
- Multi Family
- Security
- Smoke Detector(s)
- Sewer
- Public Sewer
- SqFt Total
- 22,528
- Utilities
- Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Water Source
- Public
Interior Features
6 items
- Appliances
- Washer/Dryer Stacked, Refrigerator, Microwave, Ice Maker, Electric Range, Disposal, Dishwasher
- Cooling
- Central Air
- Electric
- 150 Amp Service
- Flooring
- Carpet, Tile, Vinyl
- Heating
- Central, Electric
- Laundry Features
- In Unit
Exterior Features
6 items
- Fencing
- Fenced, Vinyl
- Lot Features
- Zero Lot Line
- Road Frontage
- City Street
- Roof
- Shingle
- View
- Pool, Trees/Woods
- Waterview
- Pool, Trees/Woods
Community Features
3 items
- MLS Area
- 25 - Daytona S of Beville, E of Nova
- Financing Terms Available
- Assumable, Cash, Conventional
- Roads
- Asphalt
Location
480 Reed Canal Road, South Daytona, FL 32119 · 25 - Daytona S of Beville, E of Nova
Neighborhood & Commute
ZIP Code 32119
- Median household income
- $54,225
- Income per person
- $33,989
- Households
- 11,602
- Average household size
- 2.03
- Median age
- 45.9
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Status changed to Closed
- Price changed to $2,690,000
Friends & Family
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