1115 S Ridgewood Avenue, Daytona Beach, FL 32114
$1,250,000
Property Type:
Residential Income
Bedrooms:
15
Square Footage:
9,534
Lot Size (sq. ft.):
6,098
Status:
Closed
Current Price:
$1,250,000
List Date:
6/06/2023
Last Modified:
9/23/2024
Description
DO NOT UNDER ANY CIRCUMSTANCE CONTACT PROPERTY MANAGER OR TENANTS.
Multi-tenant Investment Opportunity in Daytona Beach! This multifamily property is currently configured with 15 units with upside potential. Convenient location, room for updates and expansion, and solid rental demand. Property currently operates as a transitional living (sober living) facility operated under a master lease. Consequently, all financials provided are pro-forma. Don't miss out on this chance to capitalize on the growing Daytona Beach growing market!
More Information MLS# 1110141
Location, Tax, and Legal
Country: US
Parcel Number: 5340-05-02-0050
Tax Annual Amount: 3941
Tax Year: 2022
Tax Legal Description: S 95 FT OF W 194 FT OF LOT 5 EXC S 18 1/2 FT OF N 38 FT OF E 21 FT & EXC PART PER RB 138 PG 143 BEING N 21 FT OF E 61.1 FT OF W 122.2 FT E OF RIDGEWOOD AVE & EXC N 27 FT OF W 61 FT E OF RIDGEWOOD AVE & EXC ROAD BLK 2 BETHUNE GRANT & INC E 46.9 FT OF LOT 69 ROWLADERS 3RD ADD DAYTONA PER OR 3197 PG 1350 PER OR 5777 PG 3137 PER OR 6476 PG 4425 PER OR 6827 PG 4162
Currently Not Used
Bedrooms Total: 15
Living Area Source: Other
Building Area Total: 9534
Year Built: 1926
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
General Property Information
Lot Size Acres: 0.14
Living Area: 9534
Number Of Units Total: 15
CDD Fee YN: No
Association YN: Yes
Association Fee 2: 0
Directions: 1 mile south of ISB on US1
Public Remarks: DO NOT UNDER ANY CIRCUMSTANCE CONTACT PROPERTY MANAGER OR TENANTS.
Multi-tenant Investment Opportunity in Daytona Beach! This multifamily property is currently configured with 15 units with upside potential. Convenient location, room for updates and expansion, and solid rental demand. Property currently operates as a transitional living (sober living) facility operated under a master lease. Consequently, all financials provided are pro-forma. Don't miss out on this chance to capitalize on the growing Daytona Beach growing market!
Water Body Access YN: No
List Price/SqFt: 141.6
Sold Price/SqFt: 131.11
Bedrooms Total: 15
Year Built: 1926
Status Change Information
Contingent Date: 2023-10-25
Major Change Timestamp: 2024-07-16T17:26:47Z
Major Change Type: Status Change
Price Change Timestamp: 2023-10-11T20:28:28Z
Purchase Contract Date: 2023-10-25
Close Date: 2024-07-15
Close Price: 1250000
Cooling
Multi Units: 1
Current Use
Mixed Use: 1
Exterior Features
Balcony: 1
Other: 1
Income and Expenses
Net Operating Income: 123909
Lot Features
Other: 1
Other Structures
Other: 1
Parking Features
Off Street: 1
Roof
Other: 1
Water Source
Public: 1
Historical Information
Public Historical Remarks 1: Franchise Opt In: No
Contract Information
Current Price: $1,250,000
Sold Price: $1,250,000
Status: Closed
Listing Contract Date: 2023-06-05
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 1115
Street Direction Prefix: S
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32114
Subdivision Name: Bethune Grant
MLS Area Major: 32 - Daytona Beville to ISB, E of 95
Property Features
Cooling: Multi Units
Current Use: Mixed Use
Exterior Features: Balcony; Other
Lot Features: Other
Other Structures: Other
Parking Features: Off Street
Roof: Other
Water Source: Public
Listing Office:
Coldwell Banker Commercial Benchmark
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.