404 S RIDGEWOOD AVENUE at

404 S RIDGEWOOD AVENUE

For sale Days on market 241

$1,675,000

$105/sq ft

$825,000
Price Decreased

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Overview

Bedroom

309

Year Built

1901

Sqft

16021

Property Description

Over $800k reduction off Original List Price, 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. $115 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.

Property Details

MLS#

V4943079

Address

404 RIDGEWOOD S

City

DAYTONA BEACH

State/county

Zip/Postal Code

32114

Area

Hodgmans Daytona

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$7,755

Maint Fee

$--

Tax Year

2024

Built-In Oven

Cooktop

Dishwasher

Disposal

Dryer

Electric Water Heater

Exhaust Fan

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