Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1901
Sq.Footage
16,021
“$650k”+ Total Price Reduction! Motivated Owner(s) is now offering this Portfolio Income at significantly below Market Price. $115 P.S.F. plus 3 contiguous buildable Lots Included. $100k in Furniture and Fixtures for a complete turnkey rented portfolio will be included with a Full Price Cash Offer. 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 Pad Split 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 Pad Split - the largest co-living marketplace in the US. Pad Split 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.
Features & Amenities
Interior
-
Other Interior Features
High Ceilings, Vaulted Ceiling(s)
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Attic Fan
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Vinyl Siding, Frame, Wood Siding
-
Other Exterior Features
Other
-
Parking
Guest, Parking Pad
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.87
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$1,850,000
-
Tax Amount
7755.0
-
Sq. Footage
16, 021
-
Price/SqFt
$115
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Accessibility Features
Accessible Entrance, Accessible Common Area, Accessible Full Bath, Accessible Kitchen, Accessible Stairway
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
5
-
Water Source
Public
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Location
County
Volusia
Elementary School
Middle School
High School
Listing Courtesy of Daniel Lyonnais , ADAMS, CAMERON & CO., REALTORS
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