Property Description:
Address 401 S Ridgewood Ave, Daytona Beach FL 32114 = 12 units
Investor Price $467,900 ($38,991 per door) ARV: $675,000 Income: $7,400 Mo.
The owner is an older gentleman that does not keep good records, so I don't have expenses information.
See attached info. I created a REIS Report on this property and all the comps are over this price per door. So this is an excellent buy with 100% occupancy.
Property Overview: This Historic multi-family property is located only two blocks from the Halifax River Yacht Club as well as the popular shops and restaurants of Beach Street. Not only is the location desirable with a great ROI, but with interior updates the property could generate higher rents and possess even more equity.
Property Features include; a newer architectural shingle roof, brand new porch, well preserved kitchens with all appliances included, nicely maintained bathrooms, front and back balconies, and window AC units. Sits on a nice sized corner lot. Call or email for more details. This property is certain to sell quickly!
Rent Rehab: None expected
Contact Steve for showing instructions @ 407-530-7783 or tsa@acpmgt.com
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