404 S Ridgewood Avenue, Daytona Beach, FL 32114
- $1,650,000
- 31
- BD
- 13
- BA
- 16,021
- SqFt
- List Price
- $1,650,000
- Status
- Active
- Days on Market
- 420
- Price Change
- ▼ $25,000 1775241670
- MLS#
- V4943079
- Property Style
- Multi-Family 5+
- Year Built
- 1901
- Bedrooms
- 31
- Bathrooms
- 13
- Living Area
- 16,021
- Lot Size
- 37,865
- Acres
- 0.87
- Total Acreage
- 1 to less than 2
- Building Name
- L
- Legal Subdivision Name
- Hodgmans Daytona
- MLS Area Major
- Daytona Beach
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!
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Additional Information
- Taxes
- $7755
- Location
- Corner Lot
- Community Features
- No Deed Restriction
- Property Description
- Three+ Story
- Zoning
- 02T2
- Interior Layout
- Ceiling Fans(s), High Ceilings, Vaulted Ceiling(s)
- Interior Features
- Ceiling Fans(s), High Ceilings, Vaulted Ceiling(s)
- Floor
- Tile, Wood
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan
- Utilities
- Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Attic Fan
- Fireplace
- Yes
- Fireplace Description
- Living Room, Primary Bedroom
- Exterior Construction
- Brick, Vinyl Siding, Frame, Wood Siding
- Exterior Features
- Other
- Roof
- Shingle
- Foundation
- Block, Slab
- Pool
- No Pool
- Garage Features
- Ground Level, Guest, Parking Pad
- Flood Zone Code
- X
- Parcel ID
- 5339-01-17-0062
- Legal Description
- N 1/2 OF LOT 5 EXC HWY & E 144 FT OF LOT 6 EXC HWY BLK 17 DAYTONA PER OR 3497 PG 1396 PER OR 6622 PGS 1312-1314 PER OR 6634 PG 2945 PER OR 6816 PG 0127 PER OR 7420 PG 2577 PER OR 7660 PG 2508 PER OR 8196 PG 2551 PER OR 8206 PG 1829 PER OR 8209 PG 420 5 PER
Listing courtesy of ADAMS, CAMERON & CO., REALTORS. 386-717-3445
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