480 Reed Canal Road, South Daytona, FL 32119 (MLS# 1210441)

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.