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404 S Ridgewood Avenue, Daytona Beach, FL 32114

$1,650,000
  • 404 S Ridgewood Avenue, Daytona Beach, FL 32114 Main Photo

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Featured Listing Active
BEDS30 BATHS12 full SQUARE FEET16,700 MLS#1213963
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONOther

Property Description

📌 DEAL ALERT -- List Price: $1,650,000All-Cash / 45-Day Close: $1,500,000 NET TO SELLER ? All Furnishings Included (~$100K Value)The Seller Has Done the Negotiation For You. This Is the Number. There Is No Counter.PROPERTY OVERVIEW:This is one of the rarest, immediately cash-flowing real estate portfolio opportunities to hit the Daytona Beach market -- a fully renovated, income-producing trifecta of historic, co-living, and single-family residential assets sitting on 1.5 acres with 164 feet of US-1 frontage in the heart of Downtown Daytona Beach. At $1.5 million all-cash, the buyer is acquiring 16,700 sq-ft of renovated, stabilized income property at under $90 per square foot -- a number that simply does not exist anywhere else in this market for assets of this quality. The portfolio consists of three fully renovated buildings on five contiguous T-2 zoned parcels, generating current income today while offering multiple value-add and development pathways tomorrow. Three additional buildable lots are included in the sale at no additional cost. The seller's bottom line is $1.5 million net -- bring the cash, close in 45 days, and walk away with a furnished, operational real estate business that is already producing. Please see the Full Description Attached.

404 S Ridgewood Avenue | MLS# 1213963

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 $1,650,000. Search Daytona Beach real estate on lespuc.adamscameron.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Fuel Type: Electric
Heating: Central, Electric, Separate Meters, Zoned
Lot Size: 1.50 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $7,754
Year Built: 1901

Feature Descriptions

Accessibility: Accessible Common Area, Accessible Entrance, Accessible Full Bath, Accessible Kitchen, Accessible Stairway
Appliances: Washer/Dryer Stacked, Refrigerator, Microwave, Electric Water Heater, Electric Oven, Convection Oven
Days on Site: 276
Directions: Exit I 95 east to Ridgewood Ave, head sound 4 blocks on west side of road.
Exterior: Brick, Frame, Vinyl Siding, Wood Siding
Flooring: Tile, Wood
Laundry: Common Area, Multiple Locations
Listing Terms: Cash, Conventional, Other
Lot: Corner Lot, Few Trees, Historic Area
Parcel #: 5339-01-17-0062
Parking: Guest, Parking Lot
Property Attached Y/N: No
Property Sub-Type: Multi Family
Road Frontage: City Street, State Road
Road Surface: Concrete
Security Features: Fire Alarm, Fire Sprinkler System
Sewer: Public Sewer
SQFT Total: 16700
Units: 4
Utilities: Cable Available, Electricity Connected, Water Connected
Water: Public

Local Schools

High School: Mainland
Middle School: Campbell

Listed By / Shown By

Listed By

Agency Name: Adams, Cameron & Co., Realtors

agent picture

Shown By

Agent Name: Les Puc
Agent Phone: (813) 449-1111

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Estimated Payment

$ 9,909.41 per month $8,781.99 Principal & Interest $646.17 Property Tax $481.25 Homeowner's Insurance

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