Price Reduced 29.41%

$1,899,000 ($113.71 per sqft)

Est. Mortgage $9,980/mo *

Quick Pre-Approval

Price History

$2,690,000
2/2/2024

$2,590,000
3/13/2024

$2,490,000
3/27/2024

$2,390,000
4/9/2024

$2,280,000
4/29/2024

$1,999,000
5/14/2024

$2,280,000
5/22/2024

$1,900,000
6/6/2024

$1,899,000
6/7/2024


404 S Ridgewood AVENUE, Daytona Beach, FL, 32114

404 S Ridgewood AVENUE, Daytona Beach, FL, 32114

28 beds

1901

16,700 sqft

Over $700,000 price reduction. Priced to sell! At this discounted rate, no seller financing offers will be entertained. Sellers need cash at closing. 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


Status:

Active

Type:

Multi-family

Furnished Remarks:

Negotiable

Laundry Remarks:

Laundry Room

Units:

17

Subdivision:

DAYTONA

Heating:

Electric

Cooling:

Central Air

Acreage:

1.5

Est. Taxes:

$7,513

Construction

Wood Siding

Utilities

BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Days on Market:

126

MLS #:

O6175921


Community Info

School Info

Walk Score

Yelp



Listing courtesy of PLAID PROPERTIES, LLC Phone: 407-702-0864