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410 Nova Road 1
404 Ridgewood Avenue, DAYTONA BEACH, FL 32114
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404 Ridgewood Avenue
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  • MLS#: V4943079 ( Residential Income )
  • Street Address: 404 Ridgewood Avenue
  • Viewed: 53
  • Price: $2,325,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1901
  • Bldg sqft: 0
  • Total Baths: 1
  • Days On Market: 47
  • Additional Information
  • Geolocation: 29.2045 / -81.0199
  • County: VOLUSIA
  • City: DAYTONA BEACH
  • Zipcode: 32114
  • Provided by: ADAMS, CAMERON & CO., REALTORS
  • Contact: Daniel Lyonnais
  • 386-738-1920
  • mfrmls
  • DMCA Notice
  • Description
    Price Improvment! Portfolio Income Opportunity consisting 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 PadSplit runs through July 2025. Adjacent to the Victorian is the fully renovated co living house, which offers 13 bedrooms and 4 bathrooms. Almost fully occupied, this property leverages the innovative PadSplit platform to facilitate weekly rentals, maximizing occupancy and cash flow. Together, these properties provide a robust rental income stream, while the zoning flexibility allows for a variety of alternative uses, including assisted living, skilled nursing, or retail opportunities. The current lease with PadSplit runs through August 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 PadSplit the largest co living marketplace in the US. PadSplit 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 zoned T 2 which allows for a wide variety of uses. Partial Owner Financing for the right quilifed buyer!
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Property Location and Similar Properties
All
Similar
Features
Accessibility Features
  1. Accessible Common Area
  2. Accessible Entrance
  3. Accessible Full Bath
  4. Accessible Kitchen
  5. Accessible Stairway
Appliances
  1. Built-In Oven
  2. Cooktop
  3. Dishwasher
  4. Disposal
  5. Dryer
  6. Electric Water Heater
  7. Exhaust Fan
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Attic Fan
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Other
Flooring
  1. Tile
  2. Wood
Furnished
  1. Furnished
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
  2. High Ceilings
  3. Vaulted Ceiling(s)
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 420 5 PER
Levels
  1. Three Or More
Living Area
  1. 16021.00
Lot Features
  1. Corner Lot
Area Major
  1. 32114 - Daytona Beach
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Other Structures
  1. Other
Parcel Number
  1. 5339-01-17-0062
Parking Features
  1. Ground Level
  2. Guest
  3. Parking Pad
Possession
  1. Close Of Escrow
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 15
Utilities
  1. Cable Available
  2. Cable Connected
  3. Electricity Connected
  4. Sewer Connected
  5. Water Connected
Views
  1. 53
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/V4943079
Water Source
  1. Public
Year Built
  1. 1901
Zoning Code
  1. 02T2
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