404 South Ridgewood Avenue
404 South Ridgewood Avenue
Daytona Beach, FL 32114
$2,280,000
Price
28
Beds
16,700 Sq. Ft.
$137 / Sq. Ft.
16,700
Sq. Ft.
$137
per Sq. Ft.
Description
$400K Price Improvement! Stabilized cash on cash return of 11.85%! Takeover 7.2% cap rate with further opportunity to increase revenue immediately on takeover. Below market $136 price per / SF for a newly renovated portfolio.
3 vacant lots included for additional development and cash flow! Creative Seller financing available for the right deal structure! Email agent for Offering Memorandum and financials. The Historic Daytona Portfolio offers 3 buildings on 5
contiguous parcels on 1.5 acres in Daytona...$400K Price Improvement! Stabilized cash on cash return of 11.85%! Takeover 7.2% cap rate with further opportunity to increase revenue immediately on takeover. Below market $136 price per / SF for a newly renovated portfolio.
3 vacant lots included for additional development and cash flow! Creative Seller financing available for the right deal structure! Email agent for Offering Memorandum and financials. The Historic Daytona Portfolio offers 3 buildings on 5
contiguous parcels on 1.5 acres in Daytona Beach, FL with 164
feet of frontage on US-1. The crown jewel of the portfolio is the fully renovated
Victorian masterpiece featuring 8,0000 s/f of living space
with 10 bedrooms, 5 bathrooms and 2 additional basement
apartment units. The Victorian recently is being utilized as a
short term rental. Adjacent to the Victorian is the fully renovated Co-Living
House, featuring 13 bedrooms and 4 bathrooms. The house is
currently 100% occupied, utilizing PadSplit which is an online
platform that allows rooms to be rented by the week. Situated west of the Victorian sits a fully renovated single
family home at 315 Live Oak St. and features 3 bedrooms and
1 bathroom, also rented by the room via PadSplit. The property features a combined 28 bedrooms, 12
bathrooms and a total of 16,700 square feet. The property features a combined 28 bedrooms, 12
bathrooms and a total of 16,700 square feet • 3 additional contiguous lots are included in the offering:
West End Parcel: Parcel ID 533901170060
.24 acres
Middle parcel: Parcel ID: 533901170061
.126 acres
East End Parcel: Parcel ID: 533901170064
.143 acres
The 3 lots equal roughly half an acre. An investor could reconfigure the existing parking area and
develop 2 or 3 of these additional lots. An investor could reconfigure the existing parking area and
develop 2 or 3 of these additional lots • All 5 parcels are zoned T-2 which allows for a wide variety of
uses including: single family, multifamily, short term rental,
assisted living, skilled nursing, office, retail, restaurant, and
more. Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more. Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more • Addresses for the Portfolio Include:
(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL
32114
(The Co-Living House) 408 S. Ridgewood Ave. Daytona
Beach, FL 32114
(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114 The Victorian and the Co-Living House are on the same
parcel. The SFR is on a separate Parcel
All 5 parcels are zoned T-2 which allows for a wide variety of
uses including: single family, multifamily, short term rental,
assisted living, skilled nursing, office, retail, restaurant, and
more. Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more. Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more • Addresses for the Portfolio Include:
(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL
32114
(The Co-Living House) 408 S. Ridgewood Ave. Daytona
Beach, FL 32114
(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114 The Victorian and the Co-Living House are on the same
parcel. The SFR is on a separate Parcel
3 vacant lots included for additional development and cash flow! Creative Seller financing available for the right deal structure! Email agent for Offering Memorandum and financials. The Historic Daytona Portfolio offers 3 buildings on 5
contiguous parcels on 1.5 acres in Daytona...$400K Price Improvement! Stabilized cash on cash return of 11.85%! Takeover 7.2% cap rate with further opportunity to increase revenue immediately on takeover. Below market $136 price per / SF for a newly renovated portfolio.
3 vacant lots included for additional development and cash flow! Creative Seller financing available for the right deal structure! Email agent for Offering Memorandum and financials. The Historic Daytona Portfolio offers 3 buildings on 5
contiguous parcels on 1.5 acres in Daytona Beach, FL with 164
feet of frontage on US-1. The crown jewel of the portfolio is the fully renovated
Victorian masterpiece featuring 8,0000 s/f of living space
with 10 bedrooms, 5 bathrooms and 2 additional basement
apartment units. The Victorian recently is being utilized as a
short term rental. Adjacent to the Victorian is the fully renovated Co-Living
House, featuring 13 bedrooms and 4 bathrooms. The house is
currently 100% occupied, utilizing PadSplit which is an online
platform that allows rooms to be rented by the week. Situated west of the Victorian sits a fully renovated single
family home at 315 Live Oak St. and features 3 bedrooms and
1 bathroom, also rented by the room via PadSplit. The property features a combined 28 bedrooms, 12
bathrooms and a total of 16,700 square feet. The property features a combined 28 bedrooms, 12
bathrooms and a total of 16,700 square feet • 3 additional contiguous lots are included in the offering:
West End Parcel: Parcel ID 533901170060
.24 acres
Middle parcel: Parcel ID: 533901170061
.126 acres
East End Parcel: Parcel ID: 533901170064
.143 acres
The 3 lots equal roughly half an acre. An investor could reconfigure the existing parking area and
develop 2 or 3 of these additional lots. An investor could reconfigure the existing parking area and
develop 2 or 3 of these additional lots • All 5 parcels are zoned T-2 which allows for a wide variety of
uses including: single family, multifamily, short term rental,
assisted living, skilled nursing, office, retail, restaurant, and
more. Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more. Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more • Addresses for the Portfolio Include:
(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL
32114
(The Co-Living House) 408 S. Ridgewood Ave. Daytona
Beach, FL 32114
(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114 The Victorian and the Co-Living House are on the same
parcel. The SFR is on a separate Parcel
All 5 parcels are zoned T-2 which allows for a wide variety of
uses including: single family, multifamily, short term rental,
assisted living, skilled nursing, office, retail, restaurant, and
more. Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more. Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more • Addresses for the Portfolio Include:
(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL
32114
(The Co-Living House) 408 S. Ridgewood Ave. Daytona
Beach, FL 32114
(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114 The Victorian and the Co-Living House are on the same
parcel. The SFR is on a separate Parcel
- Listed by Andrew Birr • PLAID PROPERTIES, LLC
Property Details for 404 South Ridgewood Avenue
Subdivision Name
DAYTONA
Township15
WaterfrontNo
FurnishedFurnished Or Unfurnished
Location
Listing Courtesy of PLAID PROPERTIES, LLC, Andrew Birr
Add your commute
LISTING UPDATED: 04/29/2024 03:32 PM
Property Details for 404 South Ridgewood Avenue
| Status | Active |
|---|---|
| MLS # | O6175921 |
| Days on Market | 87 |
| Taxes | $7,513 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Multi-Family |
| Year Built | 1901 |
| Lot Size | 1.51 AC / 65,558 SF |
| County | Volusia County |
Location
Listing Courtesy of PLAID PROPERTIES, LLC, Andrew Birr
Add your commute
Building Information for 404 South Ridgewood Avenue
Stories-Residences17Year Built1901Building Size-Lot Size1.51 AC / 65,558 SF
Payment Calculator
$13,069 per month
30 year fixed, 7.25% Interest
Principal and Interest
$12,443
Property Taxes
$626
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 404 South Ridgewood Avenue
Summary
Location and General Information
- Building Area Units: Square Feet
- Directions: Heading south on Ridgewood Ave, Pass Live Oak Ave. and the Victorian is the first building on the right.
- Mls Major Change Type: Price Decrease
- Listing Service: Full Service
- Senior Community: No
- Unit Number: No
- Street Number: 404
- Street Direction Prefix: S
- Street Name: RIDGEWOOD
- Street Suffix: AVENUE
- State: FL
- City: DAYTONA BEACH
- Between US 1 River YN: No
Parking
- Available For Lease: Yes
- Carport: No
- Garage: No
Taxes and HOA Information
- Association Approval Required: No
- Association: No
- CDD: No
- Tax Block: 17
- Tax Book Number: 01
- Tax Legal Description: N 1/2 OF LOT 5 EXC HWY & E 144 FT OF LOT 6 EXC HWY BLK 17 DA YTONA PER OR 3497 PG 1396 PER OR 6622 PGS 1312-1314 PER OR 6 634 PG 2945 PER OR 6816 PG 0127 PER OR 7420 PG 2577 PER OR 7
- Tax Lot: 0062
- Tax Year: 2023
Virtual Tour
- Virtual Tour URL Unbranded: https://media.showingtimeplus.com/sites/404-s-ridgewood-ave-daytona-beach-fl-32114-7476224/branded
Property
Lot Information
- Additional Parcels Description: 533901170060, 533901170061, 533901170064
- Additional Parcels: Yes
- Parcel Number: 533901170062
- Total Acreage: 1 to less than 2
- Total Num Buildings: 3
- Water Access: No
- Water Extras: No
- Zoning: T-2
- Living Area: 16700
Property and Assessments
- Year Built Numeric: 1901
- Flood Zone Code: X
- New Construction: No
- Number Of Lots: 5
- Public Survey Range: 39
- Public Survey Section: 33
Utilities
- Sewer: Public Sewer
- Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Water Source: Public
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Siding
- Exterior Features: Storage
- Foundation Details: Slab
- Pool Private: No
- Pool: None
- Pool Private: No
- Roof: Shingle
- Waterfront Feet Total: 0
Interior Features
- Bedrooms Total: 28
- Cooling: Central Air
- Fireplace: Yes
- Heating: Electric
- Interior Features: High Ceiling(s), Vaulted Ceiling(s)
- Laundry Features: Laundry Room
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Water View: No
Multi Family
Multi-Family Information
- Annual Net Income: $113,617.00
- Unit Count: 3
Unit 1
- Unit Type Baths Total 1: 5
- Unit Type Beds Total 1: 12
- Unit Type Pro Forma 1: 13000
- Unit Type Type 1: 4+ Bed/2+ Bath
- Unit Type Units Total 1: 1
Unit 2
- Unit Type Baths Total 2: 4
- Unit Type Beds Total 2: 13
- Unit Type Pro Forma 2: 13000
- Unit Type Type 2: 4+ Bed/2+ Bath
- Unit Type Units Total 2: 1
Unit 3
- Unit Type Baths Total 3: 1
- Unit Type Beds Total 3: 3
- Unit Type Pro Forma 3: 3000
- Unit Type Type 3: 3 Bed/1 Bath
- Unit Type Units Total 3: 1
Property History for 404 South Ridgewood Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 404 South Ridgewood Avenue
Taxable ValueLand$99,395Additions$240,091Total$339,486
Tax Record2023$6,086 ($507 / month)
Home Facts
Baths9.2Total Finished SqFt7,348 SqFtAbove Grade Finished SqFt7,348 SqFtStories1Lot Size37,865 SqFtStyleStoresYear Built1901Year Renovated1967ZoningT2CountyVOLUSIAAPN5339-01-17-0062
Schools near 404 South Ridgewood Avenue
This home is within Volusia.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | PK to 12 |
Rating | School | Distance |
|---|---|---|
Turie T. Small Elementary School PublicPK to 5 | ||
Campbell Middle School Public6 to 8 | ||
Mainland High School Public9 to 12 | ||
The Chiles Academy CharterPK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of PLAID PROPERTIES, LLC, Andrew Birr
The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 04/29/2024 03:32 PM
