404 Ridgewood AVE new Save Request In-Person Tour Request Virtual Tour
Daytona Beach,FL 32114
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,021 sqft
Price per Sqft $156
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
Portfolio Income Opportunity consisting 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 PadSplit 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 PadSplit - the largest co-living marketplace in the US. PadSplit 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 zoned T-2 which allows for a wide variety of uses.
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