$2,400,000 for Sale
404 s ridgewood avenue , daytona beach, FL 32114
| Beds 0 | Baths 0 | 16,021 Sqft | 0.87 Acres |
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1 of 57 |
Property Description
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.
General Information
Sale Price: $2,400,000
Price/SqFt: $150
Status: Active
MLS#: V4943079
City: daytona beach
Post Office: daytona beach
County: Volusia
Subdivision: hodgmans daytona
Acres: 0.87
Bedrooms:0
Bathrooms:0
House Size: 16,021 sq.ft.
Acreage: 0.87 est.
Year Built: 1901
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Brick, Vinyl Siding, Wood Frame, Wood Siding
Exterior Misc: Other
Fireplaces: Yes
Fireplace Description: Living Room, Master Bedroom
Basement: No
Foundation : Slab
Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan
Cooling: Central Air
Heating: Central, Electric
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $7,755
Legal Description: 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
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Daniel Lyonnais of ADAMS, CAMERON & CO., REALTORS, Phone: 386-738-1920
