480 Reed Canal Road, South Daytona, FL 32119
$2,400,000
Property Type:
Residential Income
Bedrooms:
44
Baths:
44
Square Footage:
22,528
Status:
Closed
Current Price:
$2,400,000
List Date:
8/20/2025
Last Modified:
10/15/2025
Overview
Description
Listing Details MLS# 1210441
General Property Information
- Number Of Units Total
- 22
- Bedrooms Total
- 44
- Bathrooms Total
- 44
- Bathrooms Full
- 22
- Living Area
- 1024
- Year Built
- 1986
- CDD Fee YN
- No
- Water Body Access YN
- No
- Stories Total
- 2
- Stories
- 2
- Directions
- From US1, W on Reed Canal Rd, Community is on the right hand side
- Public Remarks
- 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.
- Lot Size Acres
- 0
- List Price/SqFt
- 2626.95
- Sold Price/SqFt
- 2343.75
Property Features
Appliances:
Dishwasher; Disposal; Electric Range; Ice Maker; Microwave; Refrigerator; Washer/Dryer Stacked
Construction Materials:
Composition Siding
Cooling:
Central Air
Current Use:
Single Family
Electric:
150 Amp Service
Fencing:
Fenced; Vinyl
Financial Data Source:
Property Manager
Flooring:
Carpet; Tile; Vinyl
Heating:
Central; Electric
Income Includes:
Rent Only
Laundry Features:
In Unit
Levels:
Two
Listing Terms:
Assumable; Cash; Conventional
Lock Box Type:
None
Lot Features:
Zero Lot Line
Owner Pays:
Association Fees; Insurance; Management; Repairs; Taxes
Parking Features:
Assigned; Guest; Off Street; Parking Lot
Possession:
Subject To Tenant Rights
Road Frontage Type:
City Street
Road Surface Type:
Asphalt
Roof:
Shingle
Security Features:
Smoke Detector(s)
Sewer:
Public Sewer
Tenant Pays:
All Utilities
Utilities:
Cable Connected; Electricity Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Connected
View:
Pool; Trees/Woods
Water Source:
Public
Contract Information
- Listing Contract Date
- 2025-03-07
- Property Sub Type
- Multi Family
Location Tax and Legal
- Street Number
- 480
- Street Name
- Reed Canal
- Street Suffix
- Road
- County
- Volusia
- State
- FL
- Postal Code
- 32119
- Subdivision Name
- Riverwood Village Condo
- MLS Area Major
- 25 - Daytona S of Beville, E of Nova
Status Change Information
- Major Change Timestamp
- 2025-10-15T13:16:06Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2025-06-05T19:49:49Z
- Purchase Contract Date
- 2025-09-14
- Close Date
- 2025-10-15
- Close Price
- 2400000
Unit 1 Details
- Unit ID
- 2/1.5
- Actual Rent
- 1535
- Unit SqFt
- 1024
- Full Baths Total
- 22
- Half Baths Total
- 22
- Furnished
- Unfurnished
- Unit Remarks
- Updated: flooring, kitchen, bathroom, patio, fence
More Information
Unit 2 Details
- Unit ID
- NA
- Furnished
- Unfurnished
- Unit Remarks
- NA
- Actual Rent
- 0
- Unit SqFt
- 0
Unit 3 Details
- Unit ID
- NA
- Furnished
- Unfurnished
- Unit Remarks
- NA
- Actual Rent
- 0
- Unit SqFt
- 0
Unit 4 Details
- Unit ID
- NA
- Furnished
- Unfurnished
- Unit Remarks
- NA
- Actual Rent
- 0
- Unit SqFt
- 0
Unit 5 Details
- Unit ID
- NA
- Furnished
- Unfurnished
- Unit Remarks
- NA
- Actual Rent
- 0
- Unit SqFt
- 0
Unit 6 Details
- Unit ID
- NA
- Furnished
- Unfurnished
- Unit Remarks
- NA
- Actual Rent
- 0
- Unit SqFt
- 0
Unit 7 Details
- Unit ID
- NA
- Furnished
- Unfurnished
- Unit Remarks
- NA
- Actual Rent
- 0
- Unit SqFt
- 0
Unit 8 Details
- Unit ID
- NA
- Furnished
- Unfurnished
- Unit Remarks
- NA
- Actual Rent
- 0
- Unit SqFt
- 0
Location, Tax, and Legal
- Country
- US
- Parcel Number
- Multiple
- Tax Annual Amount
- 2432
- Tax Year
- 2024
Currently Not Used
- Bedrooms Total
- 44
- Bathrooms Full
- 22
- Bathrooms Half
- 22
- Bathrooms Total
- 44
- Living Area Source
- Public Records
- Building Area Total
- 22528
- Year Built
- 1986
- New Construction YN
- No
- Garage YN
- No
- Carport YN
- No
View
- Pool
- Yes
- Trees/Woods
- Yes
Lock Box Type
- None
- Yes
Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Electric Range
- Yes
- Ice Maker
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Washer/Dryer Stacked
- Yes
Construction Materials
- Composition Siding
- Yes
Cooling
- Central Air
- Yes
Current Use
- Single Family
- Yes
Electric
- 150 Amp Service
- Yes
Fencing
- Fenced
- Yes
- Vinyl
- Yes
Financial Data Source
- Property Manager
- Yes
Flooring
- Carpet
- Yes
- Tile
- Yes
- Vinyl
- Yes
Heating
- Central
- Yes
- Electric
- Yes
Income Includes
- Rent Only
- Yes
Laundry Features
- In Unit
- Yes
Levels
- Two
- Yes
Listing Terms
- Assumable
- Yes
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Zero Lot Line
- Yes
Owner Pays
- Association Fees
- Yes
- Insurance
- Yes
- Management
- Yes
- Repairs
- Yes
- Taxes
- Yes
Parking Features
- Assigned
- Yes
- Guest
- Yes
- Off Street
- Yes
- Parking Lot
- Yes
Possession
- Subject To Tenant Rights
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
Roof
- Shingle
- Yes
Security Features
- Smoke Detector(s)
- Yes
Sewer
- Public Sewer
- Yes
Tenant Pays
- All Utilities
- Yes
Utilities
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Separate Electric Meters
- Yes
- Separate Water Meters
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Water Source
- Public
- Yes
Listing Office:
Sun Pro Realty and Management LLC
Last Updated: October - 15 - 2025
Information deemed reliable but not guaranteed.