BEDS0
BATHS
SQUARE FEET16,021
MLS#V4943079
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHODGMANS DAYTONA
Property 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 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!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Attic Fan
Heating: Central, Electric
Lot Size: 0.87 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $7,755
Year Built: 1901
Amenities
Ceiling Fans(s)
High Ceilings
Vaulted Ceiling(s)
Other
Feature Descriptions
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
Days on Site: 273
Directions: Exit I 95 east to Ridgewood Ave, head sound 4 blocks on west side of road.
Exterior: Brick, Vinyl Siding, Frame, Wood Siding
Fireplace: Living Room, Primary Bedroom
Fireplace Y/N: Yes
Flood Zone Code: X
Flooring: Tile, Wood
Foundation: Block, Slab
Home Warranty Y/N: No
Listing Terms: Owner Financing
Lot: Corner Lot
Lot Dimensions: 0.87
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+
Security: Fire Alarm, Fire Sprinkler System
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent
Special Sale Provisions: None
Units: 30
Utilities: Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: 02T2
Listed By / Shown By
Listed By
Agency Name: ADAMS, CAMERON & CO., REALTORS
Agency Phone: (386) 852-7932
Agent Name: Dan Lyonnais, CCIM
Estimate Your Payment
Estimated Payment
$ 10,049.85 per month $8,915.05 Principal & Interest $646.25 Property Tax $488.54 Homeowner's Insurance
404 S Ridgewood Avenue | MLS# V4943079
This multi-family property located at 404 S Ridgewood Avenue, Daytona Beach, FL 32114 is currently listed for sale by ADAMS, CAMERON & CO., REALTORS, with an asking price of $1,675,000. Search Daytona Beach real estate on www.adamscameroncommercial.com today.