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.
Closed
$2,400,000
480 Reed Canal Rd, Daytona Beach, FL 32119
44beds
1,024sqft
Multi Family
Built in 1986
-- sqft lot
$135,600 Zestimate®
$2,344/sqft
$1,550 Estimated rent
Home value
$135,600
$129,000 - $142,000
$1,550/mo
Zestimate® history
Owner options
List your home for rent
$1,550/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,550/mo
Rent Zestimate®
Refinance and save
$16,645/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$16,645/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Brock Bolduc 386-690-1447,
Sun Pro Realty and Management LLC
Bought with:
Brock Bolduc, 3271143
Sun Pro Realty and Management LLC
Source: DBAMLS,MLS#: 1210441
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 44
- Bathrooms: 44
- Full bathrooms: 22
- 1/2 bathrooms: 22
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Washer/Dryer Stacked, Refrigerator, Microwave, Ice Maker, Electric Range, Disposal, Dishwasher
- Laundry: In Unit
Features
- Flooring: Carpet, Tile, Vinyl
Interior area
- Total structure area: 22,528
- Total interior livable area: 1,024 sqft
Property
Parking
- Parking features: Assigned, Guest, Off Street, Parking Lot
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced,Vinyl
- Has view: Yes
- View description: Pool, Trees/Woods
Lot
- Features: Zero Lot Line
Details
- Parcel number: Multiple
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Composition Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Electric: 150 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Separate Electric Meters, Separate Water Meters, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Riverwood Village Condo
Location
- Region: Daytona Beach
Financial & listing details
- Price per square foot: $2,344/sqft
- Annual tax amount: $2,432
- Date on market: 8/20/2025
- Listing terms: Assumable,Cash,Conventional
- Tenant pays: All Utilities
- Income includes: Rent Only
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Sold | $2,400,000-10.8%$2,344/sqft |
Source:  DBAMLS #1210441 Report a problem | ||
| 9/15/2025 | Pending sale | $2,690,000$2,627/sqft |
Source: DBAMLS #1210441 Report a problem | ||
| 8/20/2025 | Listed for sale | $2,690,000$2,627/sqft |
Source: DBAMLS #1210441 Report a problem | ||
| 7/22/2025 | Pending sale | $2,690,000$2,627/sqft |
Source: DBAMLS #1210441 Report a problem | ||
| 6/5/2025 | Price change | $2,690,000-13.1%$2,627/sqft |
Source: DBAMLS #1210441 Report a problem | ||
| 3/7/2025 | Listed for sale | $3,095,000+1528.9%$3,022/sqft |
Source: DBAMLS #1210441 Report a problem | ||
| 7/18/2024 | Listing removed | -- |
Source:  St Augustine St Johns County BOR #RM2029350 Report a problem | ||
| 7/6/2024 | Listed for sale | $190,000+243.9%$186/sqft |
Source: St Augustine St Johns County BOR #RM2029350 Report a problem | ||
| 1/24/2014 | Sold | $55,251+10.7%$54/sqft |
Source: DBAMLS #552584 Report a problem | ||
| 5/17/2013 | Sold | $49,900$49/sqft |
Source: DBAMLS #544386 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 32119
Nearby homes
- $116,2002 bd2 ba1k sqft480 Reed Canal Rd APT 9, South Daytona, FL 32119Off Market
- $146,4002 bd2 ba1k sqft480 Reed Canal Rd APT 2, South Daytona, FL 32119Off Market
- $148,6002 bd2 ba1k sqft480 Reed Canal Rd APT 3, South Daytona, FL 32119Off Market
- $144,6002 bd2 ba1k sqft480 Reed Canal Rd APT 4, South Daytona, FL 32119Off Market
- $146,4002 bd2 ba1k sqft480 Reed Canal Rd APT 5, South Daytona, FL 32119Off Market
- $124,4002 bd2 ba1k sqft480 Reed Canal Rd APT 15, South Daytona, FL 32119Off Market
- $126,9002 bd2 ba1k sqft480 Reed Canal Rd APT 25, South Daytona, FL 32119Off Market
- $150,5002 bd2 ba1k sqft480 Reed Canal Rd APT 33, South Daytona, FL 32119Off Market
Nearby schools
GreatSchools rating
- 5/10South Daytona Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 4/10Silver Sands Middle SchoolGrades: 6-8Distance: 2.2 mi
- 5/10Atlantic High SchoolGrades: PK,9-12Distance: 1.8 mi
Get a cash offer in 3 minutes
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Estimated market value
$135,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$135,600
- Florida
- Volusia County
- South Daytona
- 32119
- 480 Reed Canal Rd
Nearby cities
Nearby zip codes
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