Address
404 S Ridgewood AVENUE, DAYTONA BEACH, FL
Price
$ 1,899,000
Property Attributes
  • MLS#O6175921
  • TypeIncome
  • CountyVOLUSIA
  • CityDAYTONA BEACH
  • AreaDaytona Beach
  • NeighborhoodDaytona
  • Zip32114
  • StyleMulti Family
  • Year Built1901
  • Taxes$ 7513
  • Price$ 1,899,000
  • Bedrooms28
  • Full Bathrooms10
  • Half Bathrooms0
  • Sqr Footage16700
  • Lot Size1.5 Acres
Data Source:
Stellar MLS
Property Description

Over $700K Price reduction! Priced to sell. Seller is looking for cash at closing. Offers with seller financing may be considered, depending on terms. *Opportunity to create at least 9 additional bedrooms in the Victorian and increase cash flow by an additional $100K annually. Most existing bedrooms are larger than 250 SF. Go from 30 existing bedrooms to 39 or more! 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. • 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. • 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. • 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. • 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

Price History
2/2/2024 Listed $2,690,000
3/13/2024 4% - $2,590,000
3/27/2024 4% - $2,490,000
4/9/2024 5% - $2,390,000
4/29/2024 5% - $2,280,000
5/14/2024 13% - $1,999,000
6/6/2024 5% - $1,900,000
6/7/2024 1% - $1,899,000

General Features

Interior Features High Ceilings,Vaulted Ceiling(s)
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities BB/HS Internet Available,Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Roof Shingle
Exterior Features Storage
Zoning T-2
Construction Materials Wood Siding
Year Built 1901
Property SubType Multi Family
Tax Year 2023
Percent Ownership Fee Simple
Additional Parcels Description 533901170060,533901170061,533901170064
County Volusia
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name DAYTONA
Garage Y/N No
Status Active
Directions Heading south on Ridgewood Ave,Pass Live Oak Ave. and the Victorian is the first building on the right.
ModificationTimestamp 2024-06-17T22:07:13.973Z
City DAYTONA BEACH
Buyer Agent Compensation 2%
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 17
MLS Area 32114 - Daytona Beach
Lot Size Units Acres
Lot Size Square Feet 65558
Waterfront Y/N No
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 7513
Additional Parcels Y/N Yes
Lease Considered Y/N Yes
Virtual Tour https://media.showingtimeplus.com/sites/404-s-ridgewood-ave-daytona-beach-fl-32114-7476224/branded
Days on Market 136
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 0062
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
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Furnished Y/N Negotiable
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Laundry Features Laundry Room
Total Bedrooms 28
LivingAreaSource Public Records
Total Baths 10

Exterior Features

Water Source Public
Lot Size Area 1.505
Foundation Details Slab
Number of Buildings 3
Lot Size Acres 1.5
Road Surface Type Asphalt
Number of Lots 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 32114

Price
AVG $1.14M
$1.9M
Taxes
AVG $8,052
$7,513
Visits
AVG 251
829
Data Provided by Inside Real Estate®
Year Built
AVG 1946
1901