404 S Ridgewood Avenue
Daytona Beach, FL 32114

Listed at $1,650,000

Details

MLS# 1213963
Multi Unit - Multiple
Status Active
30 Bedrooms
12 full Bathrooms
7,746 Square Feet
1.500 acres
Built in 1901
Local Schools

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!

Features

Washer/Dryer Stacked
Refrigerator
Microwave
Electric Water Heater
Electric Oven
Convection Oven
Central Air
Tile
Wood
Central, Electric, Separate Meters, Zoned
3.0 Stories
$7,754 Taxes
Public
Built in 1901

View All Features

Contact the Agent

Dan Lyonnais, CCIM

Commercial Office

(386) 852-7932 cell

(386) 252-3120 office

danlyonnais.adamscameron.com

Contact the Listing Agent

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404 S Ridgewood Avenue Daytona Beach, FL 32114