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
Overview
Description
Listing Details MLS# 1110141
General Property Information
- Number Of Units Total
- 15
- Bedrooms Total
- 15
- Living Area
- 9534
- Year Built
- 1926
- Lot Size Acres
- 0.14
- Association YN
- Yes
- CDD Fee YN
- No
- Water Body Access YN
- No
- 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!
- List Price/SqFt
- 141.6
- Sold Price/SqFt
- 131.11
- Association Fee 2
- 0
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
Contract Information
- 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
Status Change Information
- Major Change Timestamp
- 2024-07-16T17:26:47Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2023-10-11T20:28:28Z
- Contingent Date
- 2023-10-25
- Purchase Contract Date
- 2023-10-25
- Close Date
- 2024-07-15
- Close Price
- 1250000
Income and Expenses
- Net Operating Income
- 123909
More Information
Historical Information
- Public Historical Remarks 1
- Franchise Opt In: No
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
Cooling
- Multi Units
- Yes
Current Use
- Mixed Use
- Yes
Exterior Features
- Balcony
- Yes
- Other
- Yes
Lot Features
- Other
- Yes
Other Structures
- Other
- Yes
Parking Features
- Off Street
- Yes
Roof
- Other
- Yes
Water Source
- Public
- Yes
Listing Office:
Coldwell Banker Commercial Benchmark
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.