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
$-- Zestimate®
$2,344/sqft
$1,484 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,484/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 15, 2025 at 06:16am
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 & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Daytona Beach
- Subdivision: Riverwood Village Condo
Other
Other facts
- Income includes: Rent Only
- Listing terms: Assumable,Cash,Conventional
- 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 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 32119
Nearby schools
GreatSchools rating
- 5/10South Daytona Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 3/10Silver Sands Middle SchoolGrades: 6-8Distance: 2.2 mi
- 5/10Atlantic High SchoolGrades: PK,9-12Distance: 1.9 mi