3 months on rocket

404 S Ridgewood Ave, Daytona Beach, FL, 32114

$2,280,000

Home List Price

$10,000*

Closing Credit

28 Bedrooms
10 Baths
16,700 SqFt
$137/SqFt
Multi
Schools Nearby

Location

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404 S Ridgewood Ave, Daytona Beach$2,280,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1901
HeatingElectric
CoolingCentral Air
MLS #O6175921
Lot Size1.50 Acres
StatusActive

About 404 S Ridgewood Ave

$400K Price Improvement! Stabilized cash on cash return of 11.85%! Takeover 7.2% cap rate with further opportunity to increase revenue immediately on takeover. Below market $136 price per / SF for a newly renovated portfolio. 3 vacant lots included for additional development and cash flow! Creative Seller financing available for the right deal structure! Email agent for Offering Memorandum and financials. The Historic Daytona Portfolio offers 3 buildings on 5 contiguous parcels on 1.5 acres in Daytona Beach, FL with 164 feet of frontage on US-1. The crown jewel of the portfolio is the fully renovated Victorian masterpiece featuring 8,0000 s/f of living space with 10 bedrooms, 5 bathrooms and 2 additional basement apartment units. The Victorian recently is being utilized as a short term rental. Adjacent to the Victorian is the fully renovated Co-Living House, featuring 13 bedrooms and 4 bathrooms. The house is currently 100% occupied, utilizing PadSplit which is an online platform that allows rooms to be rented by the week. Situated west of the Victorian sits a fully renovated single family home at 315 Live Oak St. and features 3 bedrooms and 1 bathroom, also rented by the room via PadSplit. The property features a combined 28 bedrooms, 12 bathrooms and a total of 16,700 square feet. • 3 additional contiguous lots are included in the offering: West End Parcel: Parcel ID 533901170060 .24 acres Middle parcel: Parcel ID: 533901170061 .126 acres East End Parcel: Parcel ID: 533901170064 .143 acres The 3 lots equal roughly half an acre. An investor could reconfigure the existing parking area and develop 2 or 3 of these additional lots. • All 5 parcels are zoned T-2 which allows for a wide variety of uses including: single family, multifamily, short term rental, assisted living, skilled nursing, office, retail, restaurant, and more. Current ownership is utilizing the portfolio for residential rentals, however, a variety of other uses are allowed including ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail and more. • Addresses for the Portfolio Include: (The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL 32114 (The Co-Living House) 408 S. Ridgewood Ave. Daytona Beach, FL 32114 (The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114 *The Victorian and the Co-Living House are on the same parcel. *The SFR is on a separate Parcel All 5 parcels are zoned T-2 which allows for a wide variety of uses including: single family, multifamily, short term rental, assisted living, skilled nursing, office, retail, restaurant, and more. Current ownership is utilizing the portfolio for residential rentals, however, a variety of other uses are allowed including ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail and more. • Addresses for the Portfolio Include: (The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL 32114 (The Co-Living House) 408 S. Ridgewood Ave. Daytona Beach, FL 32114 (The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114 *The Victorian and the Co-Living House are on the same parcel. *The SFR is on a separate Parcel

Property Details

Property Features

Property Information:

  • Year Built: 1901
  • Living Area: 16,700 SqFt

Listing Office:

  • Office Name: PLAID PROPERTIES, LLC
  • Office Phone: (407) 702-0864
  • Listing Agent: Andrew Birr

Interior Features

Interior Information:

  • Interior: High Ceilings, Vaulted Ceiling(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 28

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Storage

Lot Features

Lot Information:

  • Lot Size: 1.50 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Mainland High School, Public District Grades 9-12
  • Campbell Middle School, Public District Grades 6-8
  • Turie T. Small Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Heading south on Ridgewood Ave, Pass Live Oak Ave. and the Victorian is the first building on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,280,000
  • Price Per SqFt: $137/SqFt

Tax Information:

  • Annual Amount: $5,724
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Daytona Beach, FL.

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Daytona Beach, FL

City

Med. Sold Price

$297.5K

Med. Price/SqFt

$208

Avg. Days On Market

67

# of Sold Homes

93

404 S Ridgewood Ave vs Daytona Beach

90 DAYS ON ROCKET

+23 Days

$2,280,000

+$1.9M More

$137/SqFt

-$72 Less

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price and $72/SqFt less than other homes in Daytona Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6175921

Listing Office:

  • Office Name: PLAID PROPERTIES, LLC
  • Office Phone: (407) 702-0864
  • Listing Agent: Andrew Birr

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/2/2024, 11:49:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 16, 2011Home Sold
$195,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,724$295,716
2019$5,596$284,559
2018$4,079$242,630
2017$4,039$232,752

History based on county public records data.

Payment Calculator

$11.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,902

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5114868
1
/10

  • Turie T. Small Elementary School

  • 800 South St

  • 0.72 miles

  • Public District Grades PK-5

Middle School

school-card-donut-5114869
2
/10

  • Campbell Middle School

  • 625 S Keech St

  • 0.90 miles

  • Public District Grades 6-8

High School

school-card-donut-5114870
2
/10

  • Mainland High School

  • 1255 W Intl Spwy Blvd

  • 2.01 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,679. The majority of Daytona Beach, FL residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Volusia County›Daytona Beach›32114›404 S Ridgewood Ave

This home is located at 404 S Ridgewood Ave in Daytona Beach, FL and zip code 32114. This 16,700 square foot home, which was built in 1901, sits on a 1.50 acre lot. Features: 28 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since February 02, 2024 and is currently priced at $2,280,000.

In April 2024 more than 11 listings in Daytona Beach, FL were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 69 were sold below. In April 2024 in Daytona Beach, FL there were 12.7% more homes for sale than in March 2024. In April 2024, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $297,533.

From Rocket Homes Real Estate and based on county public records data.

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