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404 Ridgewood Avenue, Daytona Beach, FL 32114
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404 Ridgewood Avenue
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  • MLS#: 1213963 ( Residential Income )
  • Street Address: 404 Ridgewood Avenue
  • Viewed: 311
  • Price: $1,650,000
  • Price sqft: $99
  • Waterfront: No
  • Year Built: 1901
  • Bldg sqft: 16700
  • Bedrooms: 30
  • Total Baths: 12
  • Full Baths: 12
  • Days On Market: 290
  • Additional Information
  • Geolocation: 29 / -81
  • County: Volusia
  • City: Daytona Beach
  • Zipcode: 32114
  • Subdivision: Other
  • Middle School: Campbell
  • High School: Mainland
  • Provided by: Adams, Cameron & Co., Realtors
  • Daytona Beach Area Association of REALTORS®
  • DMCA Notice
  • Description
    DEAL ALERT List Price: $1,650,000 All Cash / 45 Day Close: $1,500,000 NET TO SELLER All Furnishings Included (~$100K Value) The Seller Has Done the Negotiation For You. This Is the Number. There Is No Counter. PROPERTY OVERVIEW: This is one of the rarest, immediately cash flowing real estate portfolio opportunities to hit the Daytona Beach market a fully renovated, income producing trifecta of historic, co living, and single family residential assets sitting on 1.5 acres with 164 feet of US 1 frontage in the heart of Downtown Daytona Beach. At $1.5 million all cash, the buyer is acquiring 16,700 sq ft of renovated, stabilized income property at under $90 per square foot a number that simply does not exist anywhere else in this market for assets of this quality. The portfolio consists of three fully renovated buildings on five contiguous T 2 zoned parcels, generating current income today while offering multiple value add and development pathways tomorrow. Three additional buildable lots are included in the sale at no additional cost. The seller's bottom line is $1.5 million net bring the cash, close in 45 days, and walk away with a furnished, operational real estate business that is already producing. Please see the Full Description Attached.
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Features
Possible Terms
  1. Cash
  2. Conventional
  3. Other
Appliances
  1. Washer/Dryer Stacked
  2. Refrigerator
  3. Microwave
  4. Electric Water Heater
  5. Electric Oven
  6. Convection Oven
Baths Full
  1. 12
Baths Total
  1. 12
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Electric
  1. 200+ Amp Service
Fencing
  1. Fenced
Flooring
  1. Tile
  2. Wood
Furnished
  1. Furnished
Heating
  1. Central
  2. Electric
  3. Separate Meters
  4. Zoned
High School
  1. Mainland
Legal Description
  1. N 1/2 OF LOT 5 EXC HWY & E 144 FT OF LOT 6 EXC HWY BLK 17 DAYTONA PER OR 3497 PG 1396 PER OR 6622 PGS 1312-1314 PER OR 6634 PG 2945 PER OR 6816 PG 0127 PER OR 7420 PG 2577 PER OR 7660 PG 2508 PER OR 8196 PG 2551 PER OR 8206 PG 1829 PER OR 8209 PG 4205 PER
Levels
  1. Three Or More
Lot Features
  1. Corner Lot
  2. Few Trees
  3. Historic Area
Middle School
  1. Campbell
Owner Pays
  1. Cable TV
  2. Common Area Maintenance
  3. Electricity
  4. Exterior Maintenance
  5. Gas
  6. Grounds Care
  7. Hot Water
  8. HVAC Maintenance
  9. Insurance
  10. Janitorial Service
  11. Management
  12. Pest Control
  13. Repairs
  14. Security
  15. Sewer
  16. Taxes
  17. Trash Collection
  18. Water
Parcel Number
  1. 5339-01-17-0062
Parking Features
  1. Guest
  2. Parking Lot
Property Type
  1. Residential Income
Road Frontage Type
  1. City Street
  2. State Road
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Tenant Pays
  1. None
Utilities
  1. Cable Available
  2. Electricity Connected
  3. Water Connected
Views
  1. 311
Virtual Tour Url
  1. 1213963
Water Source
  1. Public
Year Built
  1. 1901
  1. Tropic Shores Realty
  2. http://homebloks.com - Blockchaiun technology for Real estate professionals.
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com