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404 S Ridgewood Avenue

Daytona Beach, FL

Listing Details

  • $1,650,000
  • MLS# V4943079
  • Type Multi Unit - Multiple
  • Status Active
  • 31
    Bedrooms
  • 16,021
    Square Feet
  • 0.870 acres
    Lot Size
  • 1901
    Year Built

Description

This beautiful Pad Split Portfolio is performing at a superior level just to be clear. Motivated Owner(s) is now offering this Portfolio Income at significantly below Market Price. $89.82 P.S.F. plus 3 contiguous buildable Lots along with over $100k in Furniture and Fixtures for a complete Turnkey Rented Portfolio which will be included with an acceptable terms. This opportunity consists of 5 parcels that include an 8,000 SF fully renovated Historic Victorian home, a 7,000 SF Co-living property (404 & 408 S Ridgewood Ave), 1,021 SF house (315 Live Oak Ave) plus 3 adjacent land parcels in Daytona Beach, FL. The homes are strategically located... Read more with 164 feet of prime frontage on US-1, just minutes away from the beach, the Intercoastal Waterway, and major attractions. This prime location, combined with the recent property enhancements and diverse zoning options, makes this Offering particularly appealing to investors and developers alike. The centerpiece of this portfolio is the stunning Victorian home, listed on the U.S. National Register of Historic Places. Spanning an impressive 8,000 square feet, this Historic Gem boasts 10 uniquely decorated bedrooms, 5 full bathrooms, and two basement apartments. The current lease with Pad Split runs through July 2025. The third property of the portfolio is an adjacent 1,021 SF house located at 315 Live Oak St. The home consists of 4 bedrooms and 1 bathroom, this too has been fully renovated with new bathroom/shower, plumbing and General Electric upgrades. All 3 properties benefit from recent leases with Pad Split - the largest co-living marketplace in the US. Pad Split provides accessible and affordable housing solutions to hardworking individuals who form the backbone of society: teachers, traveling nurses, and other frontline workers. Finally, the 3 land parcels adjacent to the homes make up a total of .51 acres on Live Oak Avenue and Segrave St. These land parcels are zone T -2 which allows for a wide variety of uses. See the Full Brochure Attached!

Key Features

  • Other
  • Ceiling Fans(s)
  • High Ceilings
  • Vaulted Ceiling(s)
View All Features
404 S Ridgewood Avenue
Daytona Beach, FL 32114
Subdivision
HODGMANS DAYTONA
County
Volusia

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Accessibility Features: Accessible Common Area, Accessible Entrance, Accessible Full Bath, Accessible Kitchen, Accessible Stairway
  • Annual Net Income: 150000.00
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan
  • Cooling: Central Air, Attic Fan
  • Days on Site: 408
  • Directions: Exit I 95 east to Ridgewood Ave, head sound 4 blocks on west side of road.
  • Exterior: Brick, Vinyl Siding, Frame, Wood Siding
  • Exterior Features: Other
  • Fireplace: Living Room, Primary Bedroom
  • Fireplace Y/N: Yes
  • Flood Zone Code: X
  • Flooring: Tile, Wood
  • Foundation: Block, Slab
  • Heating: Central, Electric
  • Home Warranty Y/N: No
  • Interior Features: Ceiling Fans(s), High Ceilings, Vaulted Ceiling(s)
  • Listing Terms: Owner Financing
  • Lot Description: Corner Lot
  • Lot Dimensions: 0.87
  • Lot Size: 0.87 Acres
  • Other Structures: Other
  • Ownership: Fee Simple
  • Parking: Ground Level, Guest, Parking Pad
  • Parking Notes: Ground Level, Guest, Parking Pad
  • Property Attached Y/N: No
  • Property Sub-Type: Multi-Family 5+
  • Roof Type: Shingle
  • Security: Fire Alarm, Fire Sprinkler System
  • Sewer: Public Sewer
  • Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent
  • Special Sale Provisions: None
  • Stories: 3.0
  • Taxes: $7,755
  • Units: 30
  • Utilities: Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Water: Public
  • Water Access Y/N: No
  • Year Built: 1901
  • Zoning: 02T2