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About this home
404 S Ridgewood Ave is a 1901-built home in Hodgmans Daytona, Daytona Beach. Inside you'll find 31 bedrooms, 13 bathrooms, and 16,021 square feet of living space. Listed at $1,650,000 (about $103/sqft), 496 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
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!
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Quick answers.
Price
$1,650,000
$103 per sq ft
Beds and baths
31 beds, 13 baths
Size
16,021 sq ft
Time on market
496 days
Year built
1901
Monthly payment
About $10,076/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $7,755 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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