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404 S Ridgewood Avenue, Daytona Beach, FL 32114

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For Sale

$2,325,000

16,021 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $145.12
    Price per square foot

  • Over 50 Years Old
    Age

  • Fireplace
    Fireplace

Explore this Property

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!
MLS# V4943079

Courtesy Of Adams, Cameron & Co. Realtors

(386) 738-1920

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Vaulted Ceiling, Ceiling Fan, Security System, Security System
  • Appliances
    Cooktop, Dishwasher, Dryer, Garbage Disposer, Washer
  • Architecture Style
    Other
  • Cooling System
    Attic Fan
  • Exterior Type
    Brick, Vinyl Siding, Wood Siding
  • Fireplace
    Fireplace
  • Floor Covering
    Tile, Wood
  • Lot Size
    0.87 Acres

Map and Directions

Directions to 404 S Ridgewood Avenue, Daytona Beach, FL 32114

Home seller CENTURY 21 Integra

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CENTURY 21 Integra

(407) 878-7343
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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