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5310 Ridgewood Avenue, PORT ORANGE, FL 32127
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5310 Ridgewood Avenue
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  • MLS#: O6379887 ( Residential Income )
  • Street Address: 5310 Ridgewood Avenue
  • Viewed: 1
  • Price: $525,000
  • Price sqft: $198
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 2648
  • Bedrooms: 4
  • Total Baths: 4
  • Days On Market: 1
  • Additional Information
  • Geolocation: 29.1232 / -80.978
  • County: VOLUSIA
  • City: PORT ORANGE
  • Zipcode: 32127
  • Subdivision: Allandale
  • Provided by: SLOANE REALTY, LLC
  • Contact: Matt White
  • 407-829-2418
  • mfrmls
  • DMCA Notice
  • Description
    Excellent income producing opportunity in Port Orange. This well maintained triplex at 5310 S Ridgewood Ave is 100% tenant occupied, offering immediate cash flow for the new owner. All three units are currently leased and generating consistent rental income, making this an ideal asset for investors seeking a stabilized property. Highlights: Triplex 3 income producing units + fenced RV storage area Fully tenant occupied Immediate cash flow Strong rental demand area Convenient Port Orange location Unit 1 is a one bedroom, one bathroom with full kitchen paying $1,060 per month. Unit 2 is a one bedroom, one bathroom, with full kitchen paying $1,065 per month. Unit 3 is a two bedroom split plan with two full baths, a full kitchen, and large fenced RV/storage yard paying $2,400 per month. Tenants pay they own electric (4 electric meters). Water is paid by owner/landlord. No HOA or Condo Dues. Public sewer and Public water. Located along S Ridgewood Avenue (US 1), the property benefits from strong visibility and convenient access to shopping, dining, major roadways, and area employers. The Port Orange market continues to show solid rental demand, supporting long term appreciation and dependable returns. Whether you are expanding an existing portfolio or entering the multi family market, this property presents a turnkey investment with upside potential. Take advantage of this 8+ cap rate with current tenants while it is still available. Properties with this level of cash flow sell quickly. Located within The Ridgewood Development District which is designed to encourage the development and redevelopment, modernization, and beautification of the Ridgewood Avenue. Wide range of permitted uses includes Adult vocational education / Appliance & electronic repair shops / Athletic sports facilities / Auction houses / Banks / Boat sales / Business services / Clubs, lodges, and fraternal organizations / Commercial & industrial equipment and supplies / Convenience stores with or without fuel operations / Equipment rental / Financial services / Fleet based services / Fortunetellers, astrologers, and palm readers / Funeral homes / Furniture and appliance stores / Greenhouses and nurseries (wholesale and retail) / Health/exercise club / Hotels / Houses of worship / Laboratory, research and development / Maintenance contractors / Manufacturing / Medical offices & clinics / Mobile home sales / Motor vehicle sales / Motor vehicle service centers / Motor vehicle service stations / Offices / Pawn shops / Personal services / Restaurants / Retail home building materials / Retail sales and services / Tattoo establishment / Taxidermy / Theaters / Veterinary clinics / Wholesalers and distributors / Xerographic and offset printing and potentially much more
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Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Wall/Window Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Fence
  2. Private Entrance
  3. Storage
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
  3. Ductless
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
  2. Eat-in Kitchen
  3. Kitchen/Family Room Combo
  4. Open Floorplan
  5. Primary Bedroom Main Floor
  6. Thermostat
  7. Walk-In Closet(s)
Legal Description
  1. LOTS 1 & 28 BLK 16 ALLANDALE MB 4 PG 146 PER OR 4813 PG 0599 PER OR 7074 PG 4520 PER OR 7718 PG 3632 PER OR 8269 PG 4714
Levels
  1. One
Living Area
  1. 2648.00
Area Major
  1. 32127 - Port Orange/Ponce Inlet/Daytona Beach
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 63-10-07-16-00-1000
Pets Allowed
  1. Cats OK
  2. Dogs OK
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2025
Tenant Pays
  1. Electricity
Township
  1. 16S
Utilities
  1. Cable Available
  2. Electricity Available
  3. Phone Available
  4. Public
  5. Water Connected
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/O6379887
Water Source
  1. Public
Year Built
  1. 1950
Zoning Code
  1. 01B4
  1. Tropic Shores Realty
  2. http://homebloks.com - Blockchaiun technology for Real estate professionals.
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com