404 S Ridgewood Ave, Daytona Beach, FL 32114

Beds
30
Baths
12
Sqft
7,746

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Listed byADAMS, CAMERON & CO., REALTORS
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Overview

DEAL ALERT -- List Price: $1,650,000
• 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. Close in 45 days, and walk away with a furnished, operational real estate business that is already producing. Please see the Full Description Attached.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
3
Number of bedrooms
30
Number of bathrooms
12
Square feet
7,746
Lot size (acres)
1.50
Year built
1901

Interior features

Laundry
Common Area

Utilities

Heating
Central, Electric, Zoned
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2024)
$7,754.82

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Daytona Beach MLS®#: 1213963 Last checked:

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.