NOT LISTED FOR SALE

209 S Ridgewood Ave Daytona Beach, FL 32114

Central Daytona Neighborhood
-- Bed
-- Bath
10,600 Sq Ft
0.25 Acres

Last Sold November 30, 2018

Last sale price $610,000 $58 Per Sq Ft

25 Days on Market

Highlights

  • No HOA
  • Front Porch
  • Outdoor Storage
  • Portico
  • Cooling System Mounted To A Wall/Window
  • Heating Available

About This Home

As of November 2018

Historic Hotel in the heart of Daytona Beach. A local landmark for over 100 years. Convenient location within walking distance near groceries, restaurants, shopping, downtown Daytona Beach, Daytona Beach Library, Marinas, etc. Fully leased. 20 rooms stay rented with minimal vacancy. 26 residential units total (3 suites can be separated as two rooms). Parking: 14 spaces. Manager's suite is a 2BR, 2BA apartment.

Easy business, guests consist of primarily weekly and monthly rentals, not day-to-day. Property consists of 2 parcels , 110 ft of frontage on US1/Ridgewood Ave. Current annual NOI: $95,000 with potential of over $120,000. Rents vary from $480 to $1,100 / mo depending on unit. Most tenants are on reliable Federal income. Partially renovated and recently inspected by the city. Could use additional TLC for increased income. IMPORTANT - DO NOT DISTURB TENANTS NOR EMPLOYEES.

Last Agent to Sell the Property

Carlos Bravo

KARLHAUS REALTY License #3137319 Listed on: 09/12/2018

Last Buyer's Agent

Brian Roper

CLAYTON, ROPER & MARSHALL License #3245760

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,402

Year Built

  • Built in 1915

Lot Details

  • 0.25 Acre Lot

Home Design

  • 10,600 Sq Ft Home
  • Wood Frame Construction
  • Siding

Parking

  • 1 Carport Space
  • Portico
  • Oversized Parking
  • Common or Shared Parking
  • Open Parking

Outdoor Features

  • Outdoor Storage
  • Front Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Heating and Cooling
  • Heating Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 26 Units
  • Hodgmans Daytona Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,402

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Siding, Wood Frame
  • Fireplace: Yes
  • Living Area: 10600
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 1915
  • Lot Size Sq Ft: 21780
  • Number Of Lots: 1
  • Directions to Property: International Speedway to Ridgewood (US1), South on Ridgewood to property on East side.
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=V4903040&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=V4903040&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.61616
  • Price per Sq Ft: 57.55
  • Close to Original List Price Ratio: 0.61616
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 209
  • Number Of Buildings: 1
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Other, Sidewalk, Storage
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Front Porch
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12127C0359J
  • Disclosures: Lead Paint, Other, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Common, Open, Oversized, Portico
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected
  • Cooling: Central Air, Other, Wall/Window Unit(s), Zoned
  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Deposits Y N: No

Lot Info

  • Parcel Number: 39-15-33-01-10-0053
  • Additional Parcels: No
  • Lot Dimensions: 21780sqft
  • Flood Zone Code: X
  • Flood Zone Date: 2017-09-29
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 26

Tax Info

  • Tax Annual Amount: 4402
  • Tax Block: 10
  • Tax Book Number: 2-82
  • Tax Lot: 5

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2018 11/30/18 Sold $610,000 -38.4% $58 / Sq Ft
10/05/2018 10/05/18 Pending -- -- --
09/10/2018 09/10/18 For Sale $990,000 -- $93 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Carlos Bravo

    Seller's Agent in 2018

    Carlos Bravo

    KARLHAUS REALTY

    (386) 788-1988

    2 in this area

    25 Total Sales

    Carlos Bravo
    Section Image

  • B

    Buyer's Agent in 2018

    Brian Roper

    CLAYTON, ROPER & MARSHALL

    Section Image
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Map

Source: Stellar MLS

MLS Number: V4903040

Stellar MLS
Florida Volusia County Daytona Beach 32114 Central Daytona

209 S Ridgewood Ave, Daytona Beach, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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