507-509 Ridgewood AVE Daytona Beach, FL 32114

Incredible opportunity to purchase a huge money making complex that offers the lucky owner an endless amount of potential options due to this property being situated on a mixed use professional/residential zoning site. Conveniently located close to almost everything you could ask for - the beach, the river, the highway, Daytona Speedway, One Daytona, and the Tanger outlets. Currently there are two beautifully updated and maintained structures on the property that encompass a total of 3 separate units. 507 - The front building hosts 2 separate units and/or 1 giant unit as the 2nd story/attic is 75% finished off and has its own separate entrance, kitchen, and bathroom. Unit #1 on the 1st floor is a 4 bed/2 bath unit rented out for $1,450 Per Month that features hardwood floors, ... CON'T ... ...
an enclosed front porch area, a huge updated kitchen, and an inside laundry area. Unit #1 is currently rented out for $1,450 Per Month (does not include 2nd story in this monthly rent). The potential Unit #2 located on the 2nd floor has its own separate entrance from a set of exterior stairs and can also be accessible from the 1st floor. With a little vision and elbow grease this potential unit can bring you even additional rental income. 509 - The second building is a site to see all itself that's been updated to a true modern farmhouse design and feel. To start there's a huge covered outdoor workout/potential outdoor kitchen area. Once you step inside your eyes are immediately drawn to the tall ceiling and attention to detail throughout. This stunning 2 bed/1 bath unit is currently rented out for $1,350 Per Month and features a beautiful kitchen with a butcher block countertop and cooktop stove; a split A/C unit; an incredibly updated bathroom with a waterfall shower; and two spacious split bedrooms. This rare investment opportunity is everything you've been looking for and is just awaiting your potential business/office if you decide to not use it for multi family long term rental purposes like the current owner is using it for now. This one will not last long!