DAYTONA BEACH, FL 32114 404 S RIDGEWOOD AVENUE
$2,400,000
52 more
Presented By: ADAMS, CAMERON & CO., REALTORS with 386-738-1920. - 386-717-3445
SQFT • 16,021
Home Details
Portfolio Income Opportunity consisting of 5 parcels that include an 8,000 SF fully renovated Historic Victorian home, a 7,000 SF Co-living property (404 & 408 S Ridgewood Ave), 1,021 SF house (315 Live Oak Ave) plus 3 adjacent land parcels in Daytona Beach, FL. The homes are strategically located with 164 feet of prime frontage on US-1, just minutes away from the beach, the Intercoastal Waterway, and major attractions. This prime location, combined with the recent property enhancements and diverse zoning options, makes this offering particularly appealing to investors and developers alike.
The centerpiece of this portfolio is the stunning Victorian home, listed on the U.S. National Register of Historic Places. Spanning an impressive 8,000 square feet, this historic gem boasts 10 uniquely decorated bedrooms, 5 full bathrooms, and two basement apartments. The current lease with PadSplit runs through July 2025. Adjacent to the Victorian is the fully renovated co-living house, which offers 13 bedrooms and 4 bathrooms. Currently 100% occupied, this property leverages the innovative PadSplit platform to facilitate weekly rentals, maximizing occupancy and cash flow. Together, these properties provide a robust rental income stream, while the zoning flexibility allows for a variety of alternative uses, including assisted living, skilled nursing, or retail opportunities. The current lease with PadSplit runs through August 2025.
The third property of the portfolio is an adjacent 1,021 SF house located at 315 Live Oak St. The home consists of 4 bedrooms and 1 bathroom, this too has been fully renovated with new bathroom/shower, plumbing and general electric upgrades. All 3 properties benefit from recent leases with PadSplit - the largest co-living marketplace in the US. PadSplit provides accessible and affordable housing solutions to hardworking individuals who form the backbone of society: teachers, traveling nurses, and other frontline workers. Finally, the 3 land parcels adjacent to the homes make up a total of .51 acres on Live Oak Avenue and Segrave St. These land parcels are zoned T-2 which allows for a wide variety of uses.
Presented By: ADAMS, CAMERON & CO., REALTORS with 386-738-1920. - 386-717-3445
Interior Features for 404 S RIDGEWOOD AVENUE
Bedrooms
Total Bedrooms
Bathrooms
Total Baths
Other Interior Features
LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Featuresliving room, master bedroom
Fireplace Y/NYes
Flooringtile, hardwood
Heating Y/NYes
Interior Amenitieshigh ceilings, vaulted ceiling(s)
Laundry Featurescommon area
General for 404 S RIDGEWOOD AVENUE
Accessibilityaccessible common area, accessible entrance, accessible full bath, accessible kitchen, accessible stairway
Additional Parcels Description533901170062, 533901170064, 533901170061, 533901170060
Additional Parcels Y/NYes
Building Area Unitssquare feet
Carport Y/NNo
Citydaytona beach
Construction Materialsbrick, vinyl siding, wood frame, wood siding
Coolingcentral air
Countyvolusia
Directionsexit i 95 east to ridgewood ave, head sound 4 blocks on west side of road.
DockY/NNo
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
HOANo
Heatingcentral, electric
Land Lease Y/NNo
Legal Descriptionn 1/2 of lot 5 exc hwy & e 144 ft of lot 6 exc hwy blk 17 daytona per or 3497 pg 1396 per or 6622 pgs 1312-1314 per or 6634 pg 2945 per or 6816 pg 0127 per or 7420 pg 2577 per or 7660 pg 2508 per or
Living Area Unitssquare feet
Lot Size Square Feet37865
Lot Size Unitssquare feet
MLS Area32114 - daytona beach
ModificationTimestamp2025-06-20t14:46:05.090z
New ConstructionNo
Number Of Units Total30
Other Structuresother
Ownershipfee simple
Possessionclose of escrow
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namehodgmans daytona
Tax Annual Amount7755
Tax Lot5
Tax Year2024
Utilitiescable available, electricity connected, sewer connected, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1901
Zoning02t2
Exterior for 404 S RIDGEWOOD AVENUE
Exterior Amenitiesother
Foundation Detailsslab
Lot Featurescorner lot
Lot Size Acres0.87
Lot Size Area37865
Number of Buildings3
Number of Lots5
Open Parking Y/NYes
Parking Featuresground level, guest, parking pad
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NNo
Additional Details
Price History
Andre LaFountain
Realtor / Coach
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated Last updated on April 28, 2025 8:46 AM UTC The listing information on this page last changed on Last updated on April 28, 2025 8:46 AM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Updated on April 28, 2025 8:46 AM UTC