542 N Ridgewood Avenue
Daytona Beach, FL 32114

Listed at $625,000

Details

  • MLS# 1217843
  • Commercial - Business
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 0 Square Feet
  • 0.290 acres
  • Built in 1925
  • Local Schools

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.

Features

  • Central Air, Electric, Wall/Window Unit(s), Ceiling F
  • Laminate
  • Tile
  • Wood
  • Central, Electric, Varies by Unit, Other
  • $4,485 Taxes
  • Public
  • Built in 1925
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All Property Features

  • Property Type: Commercial - Business
  • Business Type: Residential
  • Cooling: Central Air, Electric, Wall/Window Unit(s), Ceiling F
  • Days on Site: 413
  • Directions: Mason Ave to Us-1(ridgewood) head south, property is on the right.
  • Exterior: Frame, Stucco
  • Flooring: Laminate, Tile, Wood
  • Fuel Type: Electric
  • Heating: Central, Electric, Varies by Unit, Other
  • Listing Terms: Cash, Conventional, FHA
  • Lot Description: Cleared, Split Possible, Uplands
  • Lot Size: 0.29 Acres
  • Parcel #: 5338-38-00-0580
  • Parking: Detached, Gated, Guest, On Street, Parking Lot, Shared Driveway
  • Property Attached Y/N: No
  • Property Sub-Type: Multi Family
  • Road Frontage: City Street
  • Roof Type: Shingle
  • Security Features: Security Gate
  • Sewer: Public Sewer
  • SQFT Total: 5797
  • Taxes: $4,485
  • Tenant Pays: Cable TV, Other
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water: Public
  • Year Built: 1925