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Josh Cotton

josh@welcomehome904.com +1(904) 982-8461

$ 1,650,000

Est. payment | -/mo

31 Beds

13 Baths

16,021 SqFt

Save Virtual Tour

$ 1,650,000

Est. payment | -/mo

Save Virtual Tour

31 Beds

13 Baths

16,021 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 16,021 sqft

Price per Sqft $102

Subdivision Hodgmans Daytona

MLS Listing ID V4943079

Bedrooms 31

Construction Status Completed

HOA Y/N No

Year Built 1901

Annual Tax Amount $7,755

Lot Size 0.870 Acres

Acres 0.87

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

This beautiful Pad Split Portfolio is performing at a superior level just to be clear. Motivated Owner(s) is now offering this Portfolio Income at significantly below Market Price. $89.82 P.S.F. plus 3 contiguous buildable Lots along with over $100k in Furniture and Fixtures for a complete Turnkey Rented Portfolio which will be included with an acceptable terms. This opportunity consists of 5 parcels that include an 8,000 SF fully renovated Historic Victorian home, a 7,000 SF Co-living property (404 & 408 S Ridgewood Ave), 1,021 SF house (315 Live Oak Ave) plus 3 adjacent land parcels in Daytona Beach, FL. The homes are strategically located with 164 feet of prime frontage on US-1, just minutes away from the beach, the Intercoastal Waterway, and major attractions. This prime location, combined with the recent property enhancements and diverse zoning options, makes this Offering particularly appealing to investors and developers alike.
The centerpiece of this portfolio is the stunning Victorian home, listed on the U.S. National Register of Historic Places. Spanning an impressive 8,000 square feet, this Historic Gem boasts 10 uniquely decorated bedrooms, 5 full bathrooms, and two basement apartments. The current lease with Pad Split runs through July 2025. The third property of the portfolio is an adjacent 1,021 SF house located at 315 Live Oak St. The home consists of 4 bedrooms and 1 bathroom, this too has been fully renovated with new bathroom/shower, plumbing and General Electric upgrades. All 3 properties benefit from recent leases with Pad Split - the largest co-living marketplace in the US. Pad Split provides accessible and affordable housing solutions to hardworking individuals who form the backbone of society: teachers, traveling nurses, and other frontline workers. Finally, the 3 land parcels adjacent to the homes make up a total of .51 acres on Live Oak Avenue and Segrave St. These land parcels are zone T -2 which allows for a wide variety of uses. See the Full Brochure Attached!

Location

State FL

County Volusia

Community Hodgmans Daytona

Area 32114 - Daytona Beach

Zoning 02T2

Interior

Interior Features Ceiling Fans(s), High Ceilings, Vaulted Ceiling(s)

Heating Central, Electric

Cooling Central Air, Attic Fan

Flooring Tile, Wood

Fireplaces Type Living Room, Primary Bedroom

Furnishings Furnished

Fireplace true

Appliance Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan

Laundry Common Area

Exterior

Exterior Feature Other

Parking Features Ground Level, Guest, Parking Pad

Utilities Available Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Garage false

Private Pool No

Building

Lot Description Corner Lot

Entry Level Three Or More

Foundation Block, Slab

Lot Size Range 1 to less than 2

Sewer Public Sewer

Water Public

Structure Type Brick,Vinyl Siding,Frame,Wood Siding

New Construction false

Construction Status Completed

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4943079

Listed by Daniel Lyonnais ADAMS, CAMERON & CO., REALTORS

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 982-8461

josh@welcomehome904.com

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404 S RIDGEWOOD AVE Daytona Beach, FL 32114