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404 Ridgewood Avenue, Daytona Beach, FL 32114
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404 Ridgewood Avenue
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Would you like to sell your home before you purchase this one?
Priced at Only: $2,500,000
For more Information Call:
Address: 404 Ridgewood Avenue, Daytona Beach, FL 32114
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  • MLS#: 1213963 ( Residential Income )
  • Street Address: 404 Ridgewood Avenue
  • Viewed: 14
  • Price: $2,500,000
  • Price sqft: $156
  • Waterfront: No
  • Year Built: 1901
  • Bldg sqft: 16021
  • Bedrooms: 30
  • Total Baths: 12
  • Full Baths: 12
  • Additional Information
  • Geolocation: 29 / -81
  • County: VOLUSIA
  • City: Daytona Beach
  • Zipcode: 32114
  • Subdivision: Other
  • Middle School: Campbell
  • High School: Mainland
  • Provided by: Adams, Cameron & Co., Realtors
  • Daytona Beach Area Association of REALTORS®
  • DMCA Notice
  • 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. 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.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
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Features
Building and Construction
  • Fencing: Fenced
  • Flooring: Tile, Wood
  • Roof: Shingle
Land Information
  • Lot Features: Corner Lot, Few Trees, Historic Area
School Information
  • High School: Mainland
  • Middle School: Campbell
Garage and Parking
  • Parking Features: Guest, Parking Lot
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Central Air
  • Heating: Central, Electric, Separate Meters, Zoned
  • Road Frontage Type: City Street, State Road
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Water Connected
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: None
Other Features
  • Appliances: Washer/Dryer Stacked, Refrigerator, Microwave, Electric Water Heater, Electric Oven, Convection Oven
  • Furnished: Furnished
  • 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 4205 PER
  • Levels: Three Or More
  • Parcel Number: 5339-01-17-0062
  • Views: 14
Owner Information
  • Owner Pays: Cable TV, Common Area Maintenance, Electricity, Exterior Maintenance, Gas, Grounds Care, Hot Water, HVAC Maintenance, Insurance, Janitorial Service, Management, Pest Control, Repairs, Security, Sewer, Taxes, Trash Collection, Water
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