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$ 1,650,000

Est. payment | -/mo

30 Beds

12 Baths

16,700 SqFt

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$ 1,650,000

Est. payment | -/mo

Save Virtual Tour

30 Beds

12 Baths

16,700 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,700 sqft

Price per Sqft $98

MLS Listing ID 1213963

Bedrooms 30

Full Baths 12

HOA Y/N No

Year Built 1901

Annual Tax Amount $7,754

Lot Size 1 Sqft

Acres 1.5

Property Sub-Type Multi Family

Source Daytona Beach Area Association of REALTORS®

Property Description

This beautiful Pad Split Portfolio is performing at a superior level just to be clear. Motivated Owner(s) is now offering this Portfolio Income at significantly below Market Price. $89.82 P.S.F. plus 3 contiguous buildable Lots along with over $100k in Furniture and Fixtures for a complete Turnkey Rented Portfolio which will be included with an acceptable terms. This opportunity consists 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 Pad Split runs through July 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 Pad Split - the largest co-living marketplace in the US. Pad Split 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 zone T -2 which allows for a wide variety of uses. See the Full Brochure Attached!

Location

State FL

County Volusia

Area 32 - Daytona Beville To Isb, E Of 95

Direction Exit I 95 east to Ridgewood Ave, head sound 4 blocks on west side of road.

Region Daytona Beach

City Region Daytona Beach

Rooms

Primary Bedroom Level Three Or More

Interior

Heating Central, Electric, Separate Meters, Zoned

Cooling Central Air

Flooring Tile, Wood

Appliance Washer/Dryer Stacked, Refrigerator, Microwave, Electric Water Heater, Electric Oven, Convection Oven

Heat Source Central, Electric, Separate Meters, Zoned

Laundry Common Area, Multiple Locations

Exterior

Parking Features Guest, Parking Lot

Fence Fenced

Utilities Available Cable Available, Electricity Connected, Water Connected

View Y/N Yes

View City

Roof Type Shingle

Road Frontage City Street, State Road

Garage No

Building

Lot Description Corner Lot, Few Trees, Historic Area

Story 3

Sewer Public Sewer

Water Public

Level or Stories 3

Structure Type Brick,Frame,Vinyl Siding,Wood Siding

New Construction No

Schools

Middle Schools Campbell

High Schools Mainland

Others

Tax ID 5339-01-17-0062

Ownership Rmalloy10 Llc

Security Features Fire Alarm,Fire Sprinkler System

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Corporate Owned

Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4943079#tour

Listed by Dan Lyonnais • Adams, Cameron & Co., Realtors

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(386) 286-8312

theman@dereksellsflhomes.com

404 S Ridgewood AVE Daytona Beach, FL 32114

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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404 S Ridgewood AVE