S. Ridgewood Ave., Daytona Beach FL 32114

Historical district home zoned for residential/commercial. As an income producing duplex on a double lot, this leaves an investor plenty of options.

Layout:

Main part of home is 1960 sq ft 3/2 traditional home downstairs with an upstairs. The basement has it’s own entrance and is 750 sf.  As a 2/1 rental, you could get $800+/mo as rental, you would just need to add a kitchenette.

There is a 3rd portion of the house being rented for $600/mo to a tenant, on month to month. They would like to stay, but can go too.  As a rental option, you can bring in an additional $100 a month from the neighbor who pays for his RV to be parked on the double lot.

In total, you are looking at a monthly income of $600 from the 1/1, $800-$1000 from the basement, and $1400 from the main home for a combined income of around $3000 a month.

Alternatively, you could  have everything under 1 umbrella as a residential flip. Property has newer A/C, updated plumbing and electric, one part of the roof is within 3 years, and the other roof is 11 years old. New hot water heater. Original hardwood floors. Seller is willing to sell furnished. Funding grants may be available for repair costs for historical site designation. Come take a look today.

Est. Rehab: $30,000 – $50,000

Est. ARV: $275,000 +

Est. Potential Monthly Rent: $3,000

Recent Area Sales / Activity
  • 544 S Palmetto – 6/6 2966 sq ft sold for 465k
  • 307 S Palmetto – 2/2 2951 sq ft sold for 305k
  • 209 Cedar – 5/3 2374 sq ft sold for 240k
  • 426 S Beach – 3/3 3370 sq ft sold for 310k
  • Address: S. Ridgewood Ave., Daytona Beach FL 32114 
  • Price: $159,900 
  • Availability: Sold 
  • Listing Type: Single Family 
  • Bedrooms:
  • Bathrooms:
  • Total Square Feet: 2906 
  • Construction Type: Frame 
  • Year Built: 1920 

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