Address: 5840 Ridgewood Avenue, PORT ORANGE, FL 32127
Description
Wow! Excellent 1031 exchange property with major potentials for income or development. Excellent cap rate!! Investor alert! Great location on high traffic us hwy 1/s ridgewood. . 0. 9 acre land with two three income centers. Presently all leased. N/n/n leases. Property owned by same family for 50 years. Very flexible income producing property. Building 1 3,000sf leased. Building 2 & parking lot leased. Room for additional tenants
private remarks: all tenant leases n/n/n total income $7k/mo /$84k/yr. Building 1 recently remodeled and updated. Potential for development in high traffic area. , being sold in ''as is'' condition. Buyers must have proof of funds or show 1031 exchange funds. Tenant leases have new property owner termination clauses, if required.
Wow! Excellent 1031 exchange property with major potentials for income or development. Excellent cap rate!! Investor alert! Great location on high traffic us hwy 1/s ridgewood. . 0. 9 acre land with two three income centers. Presently all leased. N/n/n leases. Property owned by same family for 50 years. Very flexible income producing property. Building 1 3,000sf leased. Building 2 & parking lot leased. Room for additional tenants
private remarks: all tenant leases n/n/n total income $7k/mo /$84k/yr. Building 1 recently remodeled and updated. Potential for development in high traffic area. , being sold in ''as is'' condition. Buyers must have proof of funds or show 1031 exchange funds. Tenant leases have new property owner termination clauses, if required.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 3504.00
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air, Zoned
Road Frontage Type: State Road
Sewer: Public Sewer
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Country: US
Legal Description: LOTS 12 TO 18 INC EXC RD RWY BLK 1 BAYWOOD MB 23 PGS 14 & 15 PER OR 4421 PG 2394 PER OR 5338 PG 4409 PER OR 5338 PG 4411
Area Major: 32127 - Port Orange/Ponce Inlet/Daytona Beach
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