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542 Ridgewood Avenue
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PRICED AT ONLY: $675,000

Address: 542 Ridgewood Avenue, Daytona Beach, FL 32114

Description

10 unit Multi Family property newly available which generates excellent income (a little over a 10% cap) and still has 2 vacancies. This property has received updates to many of the units and they vary from 2 bedroom units to studios. 3 Separate buildings with plenty of parking. Enter or exit from either US 1 or Taylor. FDOT has a nearly 10 million dollar project that is slated to begin in a few months, that will transform US 1, with new lighting, bicycle lanes, landscaping and roadway. The recently renovated 25 acre Riverfront esplanade park and downtown are walking distance. Please do not disturb tenants.

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More Like This
  • MLS#: 1217843 ( Commercial Sale )
  • Street Address: 542 Ridgewood Avenue
  • Viewed: 9
  • Price: $675,000
  • Price sqft: $83
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 8127
  • Total Baths: 3

Description

10 unit Multi Family property newly available which generates excellent income (a little over a 10% cap) and still has 2 vacancies. This property has received updates to many of the units and they vary from 2 bedroom units to studios. 3 Separate buildings with plenty of parking. Enter or exit from either US 1 or Taylor. FDOT has a nearly 10 million dollar project that is slated to begin in a few months, that will transform US 1, with new lighting, bicycle lanes, landscaping and roadway. The recently renovated 25 acre Riverfront esplanade park and downtown are walking distance. Please do not disturb tenants.
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Features
Building and Construction
  • Fencing: Fenced, Full, Wood, Wrought Iron
  • Flooring: Laminate, Tile, Wood
  • Roof: Shingle
Land Information
  • Lot Features: Cleared, Split Possible, Uplands
Garage and Parking
  • Parking Features: Detached, Gated, Guest, On Street, Parking Lot, Shared Driveway
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Central Air, Electric, Wall/Window Unit(s), Ceiling Fan(s), Window Unit(s)
  • Heating: Central, Electric, Varies by Unit, Other
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Cable TV, Other
Other Features
  • Legal Description: 38-15-33 LOTS 56 & 58 & E 1/2 OF LOT 55 EXC R/W MARSHALL SUB COLEMANS DAYTONA MB 15 PG 199 PER OR 4027 PG 2555 PER OR 4114 PG 4652 PER OR 6678 PG 1276 PER OR 8355 PG 1041
  • Parcel Number: 5338-38-00-0580
Owner Information
  • Owner Pays: Electricity, Exterior Maintenance, Gas, Hot Water, Insurance, Pest Control, Repairs, Sewer, Taxes, Trash Collection, Water
Nearby Subdivisions
Admiralty Club Condo   Beach Courtyard Condo   Bethune Grant   Daytona Highlands   Kingston   Madison Heights   Not In Subdivision   Pepper Hill   Venice   Wall Street Lofts Condo  
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