404 S RIDGEWOOD AVE Daytona Beach FL 32114

Over $700K Price reduction! Priced to sell.

Seller is looking for cash at closing.

Offers with seller financing may be considered, depending on terms.

*Opportunity to create at least 9 additional bedrooms in the Victorian and increase cash flow by an additional $100K annually.

Most existing bedrooms are larger than 250 SF.

Go from 30 existing bedrooms to 39 or more!

The Daytona Rental 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. A new operator can realize immediate upside,

(At least $25K annually), by increasing STR occupancy or leasing by the bedroom.

Adjacent to the Victorian is the fully renovated Co-Living

House, featuring 13 bedrooms and 4 bathrooms. The house is

currently leased via 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 29 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

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!

Value Add Portfolio in the Heart of Daytona Beach on US-1

5 Contiguous Lots on 1.5 Acres

Cash Flowing Fully Renovated Victorian Mansion Utilized as a Short Term Rental (8,000 SF / 10 Bed / 3 Bath and 2 apartment units)

Stabilized and Fully Renovated Co-Living House (13 Bed / 4 Baths)

3 Bed / 1 Bath SFR

All Lots zoned T-2 which accommodates a variety of uses

Vault includes:

OM, P&L, Rent Roll, Virtual Tour, Floorplans and Photos

The properties are occupied. Property tours are available with an agreed to LOI.

Contact Andrew Birr at 407-702-0864 or [email protected] with any questions.