404 S Ridgewood Avenue,  Daytona Beach FL, 32114

$650K Price Improvement! Stabilized cash on cash return of 11.52%!Takeover 8.21% takeover cap rate with opportunity to increase revenue immediately upon takeover!Below market $119.70 price / SF for a newly renovated portfolio.3 vacant lots included for additional development and cash flow!Sellers prefer cash at closing at the current reduced price.No seller financing or creative financing offers will be entertained.Email agent for Offering Memorandum and financials.The Historic Daytona Portfolio offers 3 buildings on 5contiguous parcels on 1.5 acres in Daytona Beach, FL with 164feet of frontage on US-1.The crown jewel of the portfolio is the fully renovatedVictorian masterpiece featuring 8,0000 s/f of living spacewith 10 bedrooms, 5 bathrooms and 2 additional basementapartment units. The Victorian recently is being utilized as ashort term rental.Adjacent to the Victorian is the fully renovated Co-LivingHouse, featuring 13 bedrooms and 4 bathrooms. The house iscurrently 100% occupied, utilizing PadSplit which is an onlineplatform that allows rooms to be rented by the week.Situated west of the Victorian sits a fully renovated singlefamily home at 315 Live Oak St. and features 3 bedrooms and1 bathroom, also rented by the room via PadSplit.The property features a combined 28 bedrooms, 12bathrooms and a total of 16,700 square feet." 3 additional contiguous lots are included in the offering:West End Parcel: Parcel ID 533901170060.24 acresMiddle parcel: Parcel ID: 533901170061.126 acresEast End Parcel: Parcel ID: 533901170064.143 acresThe 3 lots equal roughly half an acre.An investor could reconfigure the existing parking area anddevelop 2 or 3 of these additional lots." All 5 parcels are zoned T-2 which allows for a wide variety ofuses including: single family, multifamily, short term rental,assisted living, skilled nursing, office, retail, restaurant, andmore.Current ownership is utilizing the portfolio for residentialrentals, however, a variety of other uses are allowed includingALF, Skilled Nursing, Office, Single Family, Multifamily, Retailand more." Addresses for the Portfolio Include:(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL32114(The Co-Living House) 408 S. Ridgewood Ave. DaytonaBeach, FL 32114(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114*The Victorian and the Co-Living House are on the sameparcel.*The SFR is on a separate ParcelAll 5 parcels are zoned T-2 which allows for a wide variety ofuses including: single family, multifamily, short term rental,assisted living, skilled nursing, office, retail, restaurant, andmore.Current ownership is utilizing the portfolio for residentialrentals, however, a variety of other uses are allowed includingALF, Skilled Nursing, Office, Single Family, Multifamily, Retailand more." Addresses for the Portfolio Include:(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL32114(The Co-Living House) 408 S. Ridgewood Ave. DaytonaBeach, FL 32114(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114*The Victorian and the Co-Living House are on the sameparcel.*The SFR is on a separate Parcel