480 Reed Canal Road, South Daytona, FL

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$3,095,000

($3,022/sqft)

List Status: Active
480 Reed Canal Road
South Daytona, FL 32119


44 beds
22 baths
1024 living sqft
Top Features
  • View: Trees/Woods, Pool, TreesWoods
  • Subdivision: Riverwood Village Condo
  • Built in  1986
  • Multi Family
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.
Property Details
Additional Information
Area Major
25 - Daytona S of Beville E of Nova
Area Minor
25 - Daytona S of Beville E of Nova
Appliances Other5
Washer/Dryer Stacked, Dishwasher, Microwave, Refrigerator, WasherDryer Stacked, Disposal, Ice Maker, Electric Range
Attached Garage YN
false
Bathrooms Total Decimal
33.0
Bathrooms Total Integer
44
Construction Materials Other8
Composition Siding
Contract Status Change Date
2025-03-07
Cooling Other7
Central Air
Cooling YN
true
Current Use Other10
Single Family
Currently Not Used Bathrooms Total
44.0
Currently Not Used Building Area Total
22528.0, 1024.0
Currently Not Used Carport YN
No, false
Currently Not Used Garage YN
No, false
Currently Not Used Living Area Source
Public Records
Currently Not Used New Construction YN
No, false
Days On Market
17
Documents Change Timestamp
2025-03-07T22:19:22.000Z
Electric Whole House Generator
150 Amp Service
Fencing Other14
Vinyl, Fenced, Vinyl2
Financial Data Source Property Manager
Property Manager
Flooring Other13
Vinyl, Tile, Carpet
General Property Information CDD Fee YN
No
General Property Information Directions
From US1 W on Reed Canal Rd Community is on the right hand side
General Property Information List PriceSqFt
3022.46
General Property Information Number Of Units Total2
22, 22.0
General Property Information Stories
2
General Property Information Stories Total
2
Heating Other16
Electric, Electric3, Central
Heating YN
true
Income Includes Storage2
Rent Only
Internet Address Display YN
true
Internet Automated Valuation Display YN
true
Internet Consumer Comment YN
true
Internet Entire Listing Display YN
true
Laundry Features None10
In Unit
Levels Three Or More
Two
Listing Contract Date
2025-03-07
Listing Terms Other19
Assumable, Cash, Conventional
Location Tax and Legal Country
US
Location Tax and Legal Parcel Number
Multiple
Location Tax and Legal Tax Annual Amount
2432.0
Location Tax and Legal Tax Year
2024
Lock Box Type See Remarks
None8
Lot Features Other18
Zero Lot Line
Lot Size Area
0.0
Lot Size Square Feet
0.0
Major Change Timestamp
2025-03-07T22:19:21.000Z
Major Change Type
New Listing
Mls Status
Active
Modification Timestamp
2025-03-24T15:34:33.000Z
On Market Date
2025-03-07
Owner Pays Other34
Taxes, Insurance2, Association Fees, Insurance, Repairs, Management, Taxes2
Possession Other22
Subject To Tenant Rights
Road Frontage Type Other25
City Street
Road Surface Type Paved
Asphalt
Roof Other23
Shingle
Security Features Other26
Smoke Detector(s)
Sewer Unknown
Public Sewer
StatusChangeTimestamp
2025-03-07T22:19:21.000Z
Tenant Pays Other35
All Utilities
Unit 1 Details Actual Rent
1535.0
Unit 1 Details Beds Total
44
Unit 1 Details Full Baths Total
22
Unit 1 Details Furnished3
Unfurnished
Unit 1 Details Half Baths Total
22
Unit 1 Details Unit ID
2/1.5
Unit 1 Details Unit Remarks
Updated: flooring kitchen bathroom patio fence
Unit 1 Details Unit SqFt
1024.0
Unit 2 Details Actual Rent2
0.0
Unit 2 Details Furnished4
Unfurnished
Unit 2 Details Unit ID2
NA
Unit 2 Details Unit Remarks2
NA
Unit 2 Details Unit SqFt2
0.0
Unit 3 Details Actual Rent3
0.0
Unit 3 Details Furnished5
Unfurnished
Unit 3 Details Unit ID3
NA
Unit 3 Details Unit Remarks3
NA
Unit 3 Details Unit SqFt3
0.0
Unit 4 Details Actual Rent4
0.0
Unit 4 Details Furnished6
Unfurnished
Unit 4 Details Unit ID4
NA
Unit 4 Details Unit Remarks4
NA
Unit 4 Details Unit SqFt4
0.0
Unit 5 Details Actual Rent5
0.0
Unit 5 Details Furnished7
Unfurnished
Unit 5 Details Unit ID5
NA
Unit 5 Details Unit Remarks5
NA
Unit 5 Details Unit SqFt5
0.0
Unit 6 Details Actual Rent6
0.0
Unit 6 Details Furnished8
Unfurnished
Unit 6 Details Unit ID6
NA
Unit 6 Details Unit Remarks6
NA
Unit 6 Details Unit SqFt6
0.0
Unit 7 Details Actual Rent7
0.0
Unit 7 Details Furnished9
Unfurnished
Unit 7 Details Unit ID7
NA
Unit 7 Details Unit Remarks7
NA
Unit 7 Details Unit SqFt7
0.0
Unit 8 Details Actual Rent8
0.0
Unit 8 Details Furnished10
Unfurnished
Unit 8 Details Unit ID8
NA
Unit 8 Details Unit Remarks8
NA
Unit 8 Details Unit SqFt8
0.0
Utilities Other29
Separate Water Meters, Water Connected, Cable Connected, Electricity Connected, Separate Electric Meters, Sewer Connected
Water Source Other31
Public
Neighborhood Map
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MLS #1210441 Listing courtesy of Sun Pro Realty And Management Llc provided by Daytona Beach Area Association Of REALTORS.