4989 South Ridgewood Avenue

Port Orange, FL 32127

$1,100,000
Price
4
Beds
3,804 Sq. Ft.
$289 / Sq. Ft.
3,804
Sq. Ft.
$289
per Sq. Ft.

Description

This prime investment opportunity features six fully occupied residential units with long term tenants and room for increases. Additionally, this property offers a standalone commercial restaurant space, that adds additional income and diversification to the property. A short walk to the river, this property is located directly adjacent to the Port Orange Flea Market, and just steps from public transportation. With housing demand at an all time high, combined with it's prime location, it's a multifamily...This prime investment opportunity features six fully occupied residential units with long term tenants and room for increases. Additionally, this property offers a standalone commercial restaurant space, that adds additional income and diversification to the property. A short walk to the river, this property is located directly adjacent to the Port Orange Flea Market, and just steps from public transportation. With housing demand at an all time high, combined with it's prime location, it's a multifamily gem with a lucrative commercial component. Don't miss out on this outstanding investment.
  1. Listed by Kayden Schaper • Coldwell Banker Commercial Benchmark
  2. Listed by Robert Rand • Coldwell Banker Commercial Benchmark

Property Details for 4989 South Ridgewood Avenue

Subdivision
Not In Subdivision
Directions
Located directly adjacent to Port Orange Flea Market. South of Dunlawton on east side of US1
Waterfront
River View

Location

Listing Courtesy of Coldwell Banker Commercial Benchmark, Kayden Schaper; Coldwell Banker Commercial Benchmark, Robert Rand
Add your commute
LISTING UPDATED: 05/02/2024 12:56 PM

Property Details for 4989 South Ridgewood Avenue

StatusActive
MLS #1115488
Days on Market207
Taxes$7,547 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5+ Units
Year Built1956
Lot Size-
CountyVolusia County

Location

Listing Courtesy of Coldwell Banker Commercial Benchmark, Kayden Schaper; Coldwell Banker Commercial Benchmark, Robert Rand
Add your commute

Building Information for 4989 South Ridgewood Avenue

Stories-Residences7Year Built1956Building Size-Lot Size-

Payment Calculator

$6,632 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$629

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4989 South Ridgewood Avenue

Summary
Location and General Information
  • Absolute Longitude: 81
  • Area: 21 - Port Orange S of Dunlawton, E of 95
  • Living Area: 3804.0
  • Building Type: Apartment Building, Combination, Stand Alone
  • Total # Units: 7.0
Owner
  • Owner Pays: Exterminator, Insurance Exterior, Lawn Care, Maintenance Exterior, Management Fees, Real Estate Taxes, Trash Removal, Water
Parking
  • Parking: Lighted, Off Street, Parking Lot
Taxes and HOA Information
  • Tax ID: 6310-20-02-0131
  • Taxes: $7,547.00
  • Tax Year: 2022
Property
Lot Information
  • Acreage: 0.42
  • Total Bldg SqFt: 3804.0
  • Land Type: Corner Lot
  • Cumulative DOM: 192
Property and Assessments
  • Document Count: 0
  • Legal: LOT 13 EXC E 164.5 FT BLK 2 FLEMINGS PORT ORANGE MB 1 PG 100 PER OR 5210 PG 3517 PER OR 7764 PG 474
  • Type: Regular
  • SqFt Source: Property Appraiser
  • Maintenence Fee Paid: N/A
  • List Type: Exclusive Right of Sale
  • Style: 5+ Units
  • Meters: # Electric Meters: 8
  • Meters: # Water Meters: 2
  • Meters: # Gas Meters: 1
Utilities
  • Utilities on Site: 200 Amp, Circuit Breaker, Underground
  • Water: City
  • Sewer: Public Sewer
  • Air Conditioning: Multiple Units
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Heating: Mixed
  • Outside: Balcony/Decking, Curb/Sidewalks, Gutters, Public Bus
Interior and Exterior Features
Exterior Features
  • Construction: Concrete Block
  • Roof: Rolled
Interior Features
  • Inside: Ceiling Fans, Smoke Detector
Multi Family
Unit 1 Information
  • # Units: 1
  • Full Baths: 1
  • Month Rent: 1200
  • Description: EF
  • unit_nbr: 1
  • bathroom: 1
  • rent: 1200
  • parking: EF
  • std_rent: 1200
  • std_baths: 1.0
Unit 2 Information
  • # Units: 2
  • Full Baths: 1
  • Month Rent: 900
  • Description: EF
  • unit_nbr: 2
  • bathroom: 1
  • rent: 900
  • parking: EF
  • std_rent: 900.0
  • std_baths: 1.0
Unit 3 Information
  • # Units: 3
  • Full Baths: 1
  • Month Rent: 950
  • Description: EF
  • unit_nbr: 3
  • bathroom: 1
  • rent: 950
  • parking: EF
  • std_rent: 950.00
  • std_baths: 1
Unit 4 Information
  • # Units: 4
  • Full Baths: 1
  • Month Rent: 1100
  • Description: 1B
  • unit_nbr: 4
  • bathroom: 1
  • rent: 1100
  • parking: 1B
  • std_rent: 1100.0
  • std_baths: 1.0
Unit 5 Information
  • # Units: 5
  • Full Baths: 1
  • Month Rent: 1200
  • Description: 1B
  • unit_nbr: 5
  • bathroom: 1
  • rent: 1200
  • parking: 1B
  • std_rent: 1200.0
  • std_baths: 1.0
Unit 6 Information
  • # Units: 6
  • Full Baths: 2
  • Month Rent: 1350
  • Description: 2B
  • unit_nbr: 6
  • bathroom: 2
  • rent: 1350
  • parking: 2B
  • std_rent: 1350.0
  • std_baths: 2.0
Unit 7 Information
  • # Units: 7
  • Month Rent: 3250
  • unit_nbr: 7
  • rent: 3250
  • std_rent: $3,250.00
Rental
Rent Information
  • Tenant Pays: Cable TV, Electric

Property History for 4989 South Ridgewood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4989 South Ridgewood Avenue

Taxable ValueLand$108,600Additions$346,770Total$455,370
Tax Record2023$8,251 ($688 / month)
Home Facts
Baths8.8Total Finished SqFt1,344 SqFtAbove Grade Finished SqFt1,344 SqFtStories1Lot Size18,100 SqFtStyleHotel / MotelYear Built1956Year Renovated2003ZoningCCCountyVOLUSIAAPN6310-20-02-0131

Schools near 4989 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
Public - K to 12
Rating
School
Distance
Port Orange Elementary School
PublicPK to 5

Silver Sands Middle School
Public6 to 8

Spruce Creek High School
Public9 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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4989 South Ridgewood Avenue is a multi-family home for sale in Port Orange, FL 32127. This property was listed for sale on October 23, 2023 by Coldwell Banker Commercial Benchmark, it's currently listed at $1,100,000. It has been on the market for a total of 207 days and was last sold on September 27, 2019. This listing's school district is Volusia. Nearby schools include Port Orange Elementary School, Silver Sands Middle School and Spruce Creek High School. 4989 South Ridgewood Avenue is a 4-bed, 0-bath, 3,804 sqft multi-family home built in 1956.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Commercial Benchmark, Kayden Schaper; Coldwell Banker Commercial Benchmark, Robert Rand

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: 05/02/2024 12:56 PM