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1202 Ridgewood Avenue

Daytona Beach, FL 32117
  • $2,860,000
  • STATUS: Active
  • ON SITE: 40 days
  • MLS #: 268665
UPDATED: 58 min ago
$2,860,000
  • 0
    BEDS
  • 3.81
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1984
County:

School Ratings & Info

Description

Cash Cow! Great investment opportunity! 52 efficiency units, located in the heart of Holly Hill, easy access to freeway, shopping centers, and 10 minutes to the beach.? 92% rented.? Total monthly rent is $35,000.? We have an HOA fees of $13,000 (that is $250 per unit which includes Water, Electricity, gas, internet, cable, ground keeping, insurance, exterminator).? HOA fee is schedule to drop to $190 at the end of the year, which will raise the gross yearly rent income by $37,440.? Our tenants pay between $700 to $800 per unit for rent with all utilities included.? Exterior paint is being done on all buildings and the pool is being totally rebuilt.? The HOA has a total of 105 units. HOA has a large cash reserve.? We are looking for cash buyer only.

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© 2021 Flagler County Association of Realtors®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Atlantic Partners. Data last updated: 2021-07-27T23:45:28.78.
www.teamwhitesell-nefl.com/homes/118402829
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1202 Ridgewood Avenue Daytona Beach, FL 32117

  • Price: $2,860,000
  • Status: Active
  • Updated: 58 min ago
  • MLS #: 268665
0
Beds
0
Baths
0
½ Baths
3.81
Acres
1984
Built
Neighborhood:
Out Of County
County:
Volusia
Area:
10-Volusia Co.
Property Description
Cash Cow! Great investment opportunity! 52 efficiency units, located in the heart of Holly Hill, easy access to freeway, shopping centers, and 10 minutes to the beach.? 92% rented.? Total monthly rent is $35,000.? We have an HOA fees of $13,000 (that is $250 per unit which includes Water, Electricity, gas, internet, cable, ground keeping, insurance, exterminator).? HOA fee is schedule to drop to $190 at the end of the year, which will raise the gross yearly rent income by $37,440.? Our tenants pay between $700 to $800 per unit for rent with all utilities included.? Exterior paint is being done on all buildings and the pool is being totally rebuilt.? The HOA has a total of 105 units. HOA has a large cash reserve.? We are looking for cash buyer only.
Exterior Features

Construction Block Exterior Features Fully FencedTrash CollectionWater/Irrigation SystemSecurity LightingLarge LotSign(S) Location Free Standing Lot Dimensions 16600

Interior Features

Cooling 1 Wall UnitMulti System Floors Tile Heating Other

Property Features

Condition Good Neighborhood Not Assigned Property Type Commercial Sale Special Conditions Corporate Owned Tax Amount 15600.00

Listing courtesy of Rodolphe Brun (Dr) of 3 Dot Realty Llc.


© 2021 Flagler County Association of Realtors®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Atlantic Partners. Data last updated: 2021-07-27T23:45:28.78.
 
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