1212 S Ridgewood Avenue, Daytona Beach, FL 32114
$1,400,000
Property Type:
Residential Income
Bedrooms:
20
Square Footage:
7,202
Status:
Closed
Current Price:
$1,400,000
List Date:
4/06/2023
Last Modified:
9/23/2024
Description
18 Unit Apartment Complex that includes 1208 and 1212 S Ridgewood Ave in Daytona Beach each with 9 units. Consists of two parcels including 6 buildings. Central location close to shopping, dining, and main transportation routes. The property has recent improvements and basically stays full. Solid cash flow and a number of units scheduled for rent increases. 1208 has Two 1 bedroom units, One 2 bedroom unit, and Six studio units. 1212 has One 2 bedroom free standing home, One 1 bedroom unit, and Seven studio units. Some units have hardwood floors and the others are tiled. There are additional storage areas and room for a laundry room. The landlord pays the electric and gas for one of the properties. See attached rent roll and pro-forma for financial details.
More Information MLS# 1107734
Location, Tax, and Legal
Country: US
Parcel Number: 5340-03-03-0100
Tax Annual Amount: 14648
Tax Year: 2022
Tax Legal Description: LOT 10 EXC ST WILDER & HOWE SUB BETHUNE GRANT MB 6 PG 152 PER OR 5225 PG 3516 PER OR 6940 PGS 2295-2296 PER OR 7418 PGS 1235-1237 INC PER OR 8092 PG 4099
Currently Not Used
Bedrooms Total: 20
Living Area Source: Appraiser
Building Area Total: 7202
Year Built: 1935
New Construction YN: No
Carport YN: No
Pool Private YN: No
Parking Total: 18
General Property Information
Living Area: 6775
Number Of Units Total: 18
Association YN: Yes
Association Fee 2: 0
Directions: US1 North of Beville Rd on the West side.
Public Remarks: 18 Unit Apartment Complex that includes 1208 and 1212 S Ridgewood Ave in Daytona Beach each with 9 units. Consists of two parcels including 6 buildings. Central location close to shopping, dining, and main transportation routes. The property has recent improvements and basically stays full. Solid cash flow and a number of units scheduled for rent increases. 1208 has Two 1 bedroom units, One 2 bedroom unit, and Six studio units. 1212 has One 2 bedroom free standing home, One 1 bedroom unit, and Seven studio units. Some units have hardwood floors and the others are tiled. There are additional storage areas and room for a laundry room. The landlord pays the electric and gas for one of the properties. See attached rent roll and pro-forma for financial details.
Water Body Access YN: No
List Price/SqFt: 236.16
Sold Price/SqFt: 206.64
Bedrooms Total: 20
Year Built: 1935
Status Change Information
Contingent Date: 2023-06-16
Major Change Timestamp: 2023-06-18T02:28:35Z
Major Change Type: Status Change
Purchase Contract Date: 2023-04-25
Close Date: 2023-06-16
Close Price: 1400000
Appliances
Electric Range: 1
Refrigerator: 1
Construction Materials
Block: 1
Concrete: 1
Frame: 1
Shingle Siding: 1
Stucco: 1
Wood Siding: 1
Cooling
Central Air: 1
Multi Units: 1
Wall/Window Unit(s): 1
Current Use
Multi-Family: 1
Exterior Features
Balcony: 1
Other: 1
Heating
Central: 1
Electric: 1
Varies by Unit: 1
Income and Expenses
Gross Income: 17425
Gross Scheduled Income: 200460
Net Operating Income: 121343
Lot Features
Corner Lot: 1
Owner Pays
Cable TV: 1
Electricity: 1
Exterior Maintenance: 1
Gas: 1
Grounds Care: 1
Hot Water: 1
Management: 1
Pest Control: 1
Taxes: 1
Trash Collection: 1
Water: 1
Parking Features
Off Street: 1
Parking Lot: 1
Roof
Shingle: 1
Other: 1
Sewer
Public Sewer: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Utilities
Natural Gas Available: 1
Water Source
Public: 1
Historical Information
Public Historical Remarks 1: Property Name: Casa Del Sol; Meters: # Electric Meters: 14, # Gas Meters: 2, # Water Meters: 2; Financial Pkg: Yes; Franchise Opt In: Yes
Contract Information
Current Price: $1,400,000
Sold Price: $1,400,000
Status: Closed
Listing Contract Date: 2023-04-06
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 1212
Street Direction Prefix: S
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32114
Subdivision Name: Howe
MLS Area Major: 32 - Daytona Beville to ISB, E of 95
Property Features
Appliances: Electric Range; Refrigerator
Construction Materials: Block; Concrete; Frame; Shingle Siding; Stucco; Wood Siding
Cooling: Central Air; Multi Units; Wall/Window Unit(s)
Current Use: Multi-Family
Exterior Features: Balcony; Other
Heating: Central; Electric; Varies by Unit
Lot Features: Corner Lot
Owner Pays: Cable TV; Electricity; Exterior Maintenance; Gas; Grounds Care; Hot Water; Management; Pest Control; Taxes; Trash Collection; Water
Parking Features: Off Street; Parking Lot
Roof: Shingle; Other
Sewer: Public Sewer
Tenant Pays: Cable TV; Electricity
Utilities: Natural Gas Available
Water Source: Public
Listing Office:
RE/MAX Signature
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.