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404 Ridgewood Avenue
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PRICED AT ONLY: $1,650,000

Address: 404 Ridgewood Avenue, Daytona Beach, FL 32114

Description

📌 DEAL ALERT List Price: $1,650,000 All 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.

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  • MLS#: 1213963 ( Residential Income )
  • Street Address: 404 Ridgewood Avenue
  • Viewed: 272
  • Price: $1,650,000
  • Price sqft: $99
  • Waterfront: No
  • Year Built: 1901
  • Bldg sqft: 16700
  • Bedrooms: 30
  • Total Baths: 12
  • Full Baths: 12
  • Days On Market: 278
  • Acreage: 1.50 acres

Description

📌 DEAL ALERT List Price: $1,650,000 All 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.
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Features
Building and Construction
  • Fencing: Fenced
  • Flooring: Tile, Wood
  • Roof: Shingle
Land Information
  • Lot Features: Corner Lot, Few Trees, Historic Area
School Information
  • High School: Mainland
  • Middle School: Campbell
Garage and Parking
  • Parking Features: Guest, Parking Lot
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Central, Electric, Separate Meters, Zoned
  • Road Frontage Type: City Street, State Road
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Water Connected
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: None
Other Features
  • Appliances: Washer/Dryer Stacked, Refrigerator, Microwave, Electric Water Heater, Electric Oven, Convection Oven
  • Furnished: Furnished
  • Legal Description: N 1/2 OF LOT 5 EXC HWY & E 144 FT OF LOT 6 EXC HWY BLK 17 DAYTONA PER OR 3497 PG 1396 PER OR 6622 PGS 1312-1314 PER OR 6634 PG 2945 PER OR 6816 PG 0127 PER OR 7420 PG 2577 PER OR 7660 PG 2508 PER OR 8196 PG 2551 PER OR 8206 PG 1829 PER OR 8209 PG 4205 PER
  • Levels: Three Or More
  • Parcel Number: 5339-01-17-0062
  • Views: 272
Owner Information
  • Owner Pays: Cable TV, Common Area Maintenance, Electricity, Exterior Maintenance, Gas, Grounds Care, Hot Water, HVAC Maintenance, Insurance, Janitorial Service, Management, Pest Control, Repairs, Security, Sewer, Taxes, Trash Collection, Water
Nearby Subdivisions
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