209 S Ridgewood Avenue
Daytona Beach, FL 32114

Listed at $1,250,000

Details

  • MLS# 1227324
  • Multi Unit - Multiple
  • Status Active
  • 6 Bedrooms
  • 8 full Bathrooms
  • 10,600 Square Feet
  • 0.500 acres
  • Built in 1915
  • Local Schools

Description

Historic Hotel in the heart of Daytona Beach. A local landmark for over 100 years. Convenient location within walking distance near groceries, restaurants, shopping, downtown Daytona Beach, Daytona Beach Library, Marinas, etc. Fully leased. 20 rooms stay rented with minimal vacancy. 26 residential units total (3 suites can be separated as two rooms). Parking: 14 spaces. Manager's suite is a 2BR, 2BA apartment. Easy business, guests consist of primarily weekly and monthly rentals, not day-to-day. Property consists of 2 parcels , 110 ft of frontage on US1/Ridgewood Ave. Rents vary from $480 to $1,100 / mo depending on unit. Partially renovated...read more and inspected by the city. Could use additional TLC for increased income. .Property consists of 2 parcels representing 110 ft offrontage on US1. IMPORTANT - DO NOT DISTURB TENANTS.

Features

  • Wall/Window Unit(s)
  • Individual
  • $17,862 Taxes
  • Built in 1915
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Cooling: Wall/Window Unit(s)
  • Days on Site: 5
  • Directions: W. International Speedway Blvd to south on Ridgewood ave.
  • Heating: Individual
  • Listing Terms: Cash, Conventional
  • Lot Description: Other
  • Lot Size: 0.50 Acres
  • Parcel #: 533901100053
  • Parking: Off Street
  • Property Attached Y/N: No
  • Property Sub-Type: Multi Family
  • Taxes: $17,862
  • Units: 26
  • Utilities: Electricity Connected, Water Connected
  • Year Built: 1915