About 404 South Ridgewood Avenue
$400K Price Improvement! Stabilized cash on cash return of 11.85%!
Takeover 7.2% cap rate with further opportunity to increase revenue immediately on takeover.
Below market $136 price per / SF for a newly renovated portfolio.
3 vacant lots included for additional development and cash flow!
Creative Seller financing available for the right deal structure!
Email agent for Offering Memorandum and financials.
The Historic Daytona Portfolio offers 3 buildings on 5
contiguous parcels on 1.5 acres in Daytona Beach, FL with 164
feet of frontage on US-1.
The crown jewel of the portfolio is the fully renovated
Victorian masterpiece featuring 8,0000 s/f of living space
with 10 bedrooms, 5 bathrooms and 2 additional basement
apartment units. The Victorian recently is being utilized as a
short term rental.
Adjacent to the Victorian is the fully renovated Co-Living
House, featuring 13 bedrooms and 4 bathrooms. The house is
currently 100% occupied, utilizing PadSplit which is an online
platform that allows rooms to be rented by the week.
Situated west of the Victorian sits a fully renovated single
family home at 315 Live Oak St. and features 3 bedrooms and
1 bathroom, also rented by the room via PadSplit.
The property features a combined 28 bedrooms, 12
bathrooms and a total of 16,700 square feet.
• 3 additional contiguous lots are included in the offering:
West End Parcel: Parcel ID 533901170060
.24 acres
Middle parcel: Parcel ID: 533901170061
.126 acres
East End Parcel: Parcel ID: 533901170064
.143 acres
The 3 lots equal roughly half an acre.
An investor could reconfigure the existing parking area and
develop 2 or 3 of these additional lots.
• All 5 parcels are zoned T-2 which allows for a wide variety of
uses including: single family, multifamily, short term rental,
assisted living, skilled nursing, office, retail, restaurant, and
more.
Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more.
• Addresses for the Portfolio Include:
(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL
32114
(The Co-Living House) 408 S. Ridgewood Ave. Daytona
Beach, FL 32114
(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114
*The Victorian and the Co-Living House are on the same
parcel.
*The SFR is on a separate Parcel
All 5 parcels are zoned T-2 which allows for a wide variety of
uses including: single family, multifamily, short term rental,
assisted living, skilled nursing, office, retail, restaurant, and
more.
Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more.
• Addresses for the Portfolio Include:
(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL
32114
(The Co-Living House) 408 S. Ridgewood Ave. Daytona
Beach, FL 32114
(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114
*The Victorian and the Co-Living House are on the same
parcel.
*The SFR is on a separate Parcel
