30 Beds
12 Baths
16,700 SqFt
30 Beds
12 Baths
16,700 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,700 sqft
Price per Sqft $98
MLS Listing ID 1213963
Bedrooms 30
Full Baths 12
HOA Y/N No
Year Built 1901
Annual Tax Amount $7,754
Lot Size 1 Sqft
Acres 1.5
Property Sub-Type Multi Family
Source Daytona Beach Area Association of REALTORS®
Property Description
All-Cash / 45-Day Close: $1,500,000 NET TO SELLER • All Furnishings Included (~$100K Value)
The Seller Has Done the Negotiation For You. This Is the Number.
There Is No Counter.
PROPERTY OVERVIEW:
This is one of the rarest, immediately cash-flowing real estate portfolio opportunities to hit the Daytona Beach market -- a fully renovated, income-producing trifecta of historic, co-living, and single-family residential assets sitting on 1.5 acres with 164 feet of US-1 frontage in the heart of Downtown Daytona Beach. At $1.5 million all-cash, the buyer is acquiring 16,700 sq-ft of renovated, stabilized income property at under $90 per square foot -- a number that simply does not exist anywhere else in this market for assets of this quality.
The portfolio consists of three fully renovated buildings on five contiguous T-2 zoned parcels, generating current income today while offering multiple value-add and development pathways tomorrow. Three additional buildable lots are included in the sale at no additional cost. The seller's bottom line is $1.5 million net -- bring the cash, close in 45 days, and walk away with a furnished, operational real estate business that is already producing. Please see the Full Description Attached.
Location
State FL
County Volusia
Area 32 - Daytona Beville To Isb, E Of 95
Direction Exit I 95 east to Ridgewood Ave, head sound 4 blocks on west side of road.
Region Daytona Beach
City Region Daytona Beach
Rooms
Primary Bedroom Level Three Or More
Interior
Heating Central, Electric, Separate Meters, Zoned
Cooling Central Air
Flooring Tile, Wood
Appliance Washer/Dryer Stacked, Refrigerator, Microwave, Electric Water Heater, Electric Oven, Convection Oven
Heat Source Central, Electric, Separate Meters, Zoned
Laundry Common Area, Multiple Locations
Exterior
Parking Features Guest, Parking Lot
Fence Fenced
Utilities Available Cable Available, Electricity Connected, Water Connected
View Y/N Yes
View City
Roof Type Shingle
Road Frontage City Street, State Road
Garage No
Building
Lot Description Corner Lot, Few Trees, Historic Area
Story 3
Sewer Public Sewer
Water Public
Level or Stories 3
Structure Type Brick,Frame,Vinyl Siding,Wood Siding
New Construction No
Schools
Middle Schools Campbell
High Schools Mainland
Others
Tax ID 5339-01-17-0062
Ownership Rmalloy10 Llc
Security Features Fire Alarm,Fire Sprinkler System
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Corporate Owned
Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4943079#tour
