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
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.
More Information MLS# 1210441
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: 1
Trees/Woods: 1
General Property Information
Lot Size Acres: 0
Living Area: 1024
Number Of Units Total: 22
CDD Fee YN: No
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.
Stories: 2
Stories Total: 2
Water Body Access YN: No
List Price/SqFt: 2626.95
Sold Price/SqFt: 2343.75
Bedrooms Total: 44
Bathrooms Total: 44
Bathrooms Full: 22
Year Built: 1986
Lock Box Type
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Electric Range: 1
Ice Maker: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer Stacked: 1
Construction Materials
Composition Siding: 1
Cooling
Central Air: 1
Current Use
Single Family: 1
Electric
150 Amp Service: 1
Fencing
Fenced: 1
Vinyl: 1
Financial Data Source
Property Manager: 1
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Heating
Central: 1
Electric: 1
Income Includes
Rent Only: 1
Laundry Features
In Unit: 1
Levels
Two: 1
Listing Terms
Assumable: 1
Cash: 1
Conventional: 1
Lot Features
Zero Lot Line: 1
Owner Pays
Association Fees: 1
Insurance: 1
Management: 1
Repairs: 1
Taxes: 1
Parking Features
Assigned: 1
Guest: 1
Off Street: 1
Parking Lot: 1
Possession
Subject To Tenant Rights: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Tenant Pays
All Utilities: 1
Unit 1 Details
Unit ID: 2/1.5
Actual Rent: 1535
Unit SqFt: 1024
Beds Total: 44
Full Baths Total: 22
Half Baths Total: 22
Furnished: Unfurnished
Unit Remarks: Updated: flooring, kitchen, bathroom, patio, fence
Unit 2 Details
Unit ID: NA
Actual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: NA
Unit 3 Details
Unit ID: NA
Actual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: NA
Unit 4 Details
Unit ID: NA
Actual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: NA
Unit 5 Details
Unit ID: NA
Actual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: NA
Unit 6 Details
Unit ID: NA
Actual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: NA
Unit 7 Details
Unit ID: NA
Actual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: NA
Unit 8 Details
Unit ID: NA
Actual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: NA
Utilities
Cable Connected: 1
Electricity Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Contract Information
Current Price: $2,400,000
Sold Price: $2,400,000
Status: Closed
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
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
Listing Office:
Sun Pro Realty and Management LLC
Last Updated: October - 15 - 2025
Information deemed reliable but not guaranteed.