Sold
Address
551 N Ridgewood Avenue, Daytona Beach, FL
Price
$ 600,000
Property Attributes
  • MLS#1115752
  • TypeMulti-Family
  • CountyVOLUSIA
  • CityDaytona Beach
  • Zip32114
  • Style
  • Price$ 600,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2170
  • Lot Size4,356 SqFt
Data Source:
Daytona Beach AOR
Property Description

4-unit apartment building in the heart of Daytona Beach. Located just a few blocks from the river and sits on one the area's major arteries, U.S. Highway 1. Walking distance to bus transfer station, the newly completed $36.5 million - 22-acre Riverfront Esplanade for a premier gathering space with botanical garden, children's splash pad area, concert areas and the Beach Street Entertainment and Cultural District. This quality apartment building has had all the renovations completed, necessary to increase rents to match current market conditions. Three out of the 4 units have been leased with a current Annual Gross Income of $51,660. Now is the time if you wish to owner occupy one of the units or lease out the 4th unit and increase the AGI to $68,760. Current monthly expenses (taxes,

Price History
11/1/2023 Listed $649,900

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 32114

Price
AVG $280K
$600K