404 S Ridgewood Avenue
Daytona Beach, FL 32114

Listed at $1,650,000

Details

MLS# 1213963
Multi Unit - Multiple
Status Active
30 Bedrooms
12 full Bathrooms
16,700 Square Feet
1.500 acres
Built in 1901
Local Schools

Description

DEAL ALERT -- List Price: $1,650,000All-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...read more 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 sellers 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.

Features

Washer/Dryer Stacked
Refrigerator
Microwave
Electric Water Heater
Electric Oven
Convection Oven
Central Air
Tile
Wood
Central, Electric, Separate Meters, Zoned
3.0 Stories
$7,754 Taxes
Public
Built in 1901

View All Features

Contact the Agent

Dan Lyonnais, CCIM

Commercial Office

(386) 852-7932 cell

(386) 252-3120 office

danlyonnais.adamscameron.com

Contact the Listing Agent

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404 S Ridgewood Avenue Daytona Beach, FL 32114