404 S RIDGEWOOD AVE, DAYTONA BEACH, FL, 32114
$1,650,000
Residential Income
|
Bedrooms
31
|
Bathrooms
13
|
Living Area
16,021 Sqft
|
Lot Size
37,865 Sqft
|
This beautiful Pad Split Portfolio is performing at a superior level just to be clear. Motivated Owner(s) is now offering this Portfolio Income at significantly below Market Price. $89.82 P.S.F. plus 3 contiguous buildable Lots along with over $100k in Furniture and Fixtures for a complete Turnkey Rented Portfolio which will be included with an acceptable terms. This opportunity consists of 5 parcels that include an 8,000 SF fully renovated Historic Victorian home, a 7,000 SF Co-living property (404 & 408 S Ridgewood Ave), 1,021 SF house (315 Live Oak Ave) plus 3 adjacent land parcels in Daytona Beach, FL. The homes are strategically located with 164 feet of prime frontage on US-1, just minutes away from the beach, the Intercoastal Waterway, and major attractions. This prime location, combined with the recent property enhancements and diverse zoning options, makes this Offering particularly appealing to investors and developers alike.
The centerpiece of this portfolio is the stunning Victorian home, listed on the U.S. National Register of Historic Places. Spanning an impressive 8,000 square feet, this Historic Gem boasts 10 uniquely decorated bedrooms, 5 full bathrooms, and two basement apartments. The current lease with Pad Split runs through July 2025. The third property of the portfolio is an adjacent 1,021 SF house located at 315 Live Oak St. The home consists of 4 bedrooms and 1 bathroom, this too has been fully renovated with new bathroom/shower, plumbing and General Electric upgrades. All 3 properties benefit from recent leases with Pad Split - the largest co-living marketplace in the US. Pad Split provides accessible and affordable housing solutions to hardworking individuals who form the backbone of society: teachers, traveling nurses, and other frontline workers. Finally, the 3 land parcels adjacent to the homes make up a total of .51 acres on Live Oak Avenue and Segrave St. These land parcels are zone T -2 which allows for a wide variety of uses. See the Full Brochure Attached!
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRV4943079 | Year Built: | 1901 | |
| Accessibility Features: | Accessible Common Area, Accessible Entrance, Accessible Full Bath, Accessible Kitchen, Accessible Stairway | Appliances: | Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan | |
| Construction Materials: | Brick, Vinyl Siding, Frame, Wood Siding | Cooling: | Central Air, Attic Fan | |
| Country: | US | County Or Parish: | Volusia | |
| Exterior Features: | Other | Fireplace Features: | Living Room, Primary Bedroom | |
| Flooring: | Tile, Wood | Foundation Details: | Block, Slab | |
| Furnished: | Furnished | Heating: | Central, Electric | |
| Laundry Features: | Common Area | Levels: | Three Or More | |
| Listing Agreement: | Exclusive Right To Sell | Lot Features: | Corner Lot | |
| Other Structures: | Other | Parking Features: | Ground Level, Guest, Parking Pad | |
| Possession: | Close Of Escrow | Property Condition: | Completed | |
| Property Sub Type: | Multi-Family 5+ | Property Type: | Residential Income | |
| Road Surface Type: | Asphalt, Concrete | Roof: | Shingle | |
| Security Features: | Fire Alarm, Fire Sprinkler System | Sewer: | Public Sewer | |
| Showing Requirements: | 24 Hour Notice, Appointment Only, Call Listing Agent | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected | Water Source: | Public | |
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