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Monique Miller

monique.miller@exprealty.com +1(404) 641-5275

$ 1,650,000

Est. payment -/mo

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Active

404 Ridgewood AVE Daytona Beach, FL 32114

30 Beds

12 Baths

7,746 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Multi Unit, Duplex/Multi Unit Lot

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,746 sqft

Price per Sqft $213

MLS Listing ID 1213963

Bedrooms 30

Full Baths 12

Year Built 1901

Annual Tax Amount $7,754

Lot Size 1.500 Acres

Lot Dimensions 1.5

Property Sub-Type Multi Family

Source Daytona Beach Area Association of REALTORS®

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!

Location

State FL

County Volusia

Community Other

Direction Exit I 95 east to Ridgewood Ave, head sound 4 blocks on west side of road.

Interior

Heating Central, Electric, Separate Meters, Zoned

Cooling Central Air

Exterior

Parking Features Guest, Parking Lot

Utilities Available Cable Available, Electricity Connected, Water Connected

Roof Type Shingle

Accessibility Accessible Common Area, Accessible Entrance, Accessible Full Bath, Accessible Kitchen, Accessible Stairway

Garage No

Building

Lot Description Corner Lot, Few Trees, Historic Area

Water Public

Structure Type Brick,Frame,Vinyl Siding,Wood Siding

New Construction No

Schools

Middle Schools Campbell

High Schools Mainland

Others

Senior Community No

Tax ID 5339-01-17-0062

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4943079#tour

Listed by Adams, Cameron & Co., Realtors

Nearby Locations

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Monique Miller

+1(404) 641-5275

monique.miller@exprealty.com

Monique Miller

404 Ridgewood AVE Daytona Beach, FL 32114

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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404 Ridgewood AVE