404 S RIDGEWOOD AVENUE, Daytona Beach, FL 32114
Multi-Family 5+ - DAYTONA BEACH, FL
- Added:
- Jun 1, 2025
- Days on Market:
- 397
- Last Refresh:
- Jul 2 at 4:06 pm
Property Features for 404 S RIDGEWOOD AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 02T2
- Bedrooms
- 31
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Guest
- Security features
- Fire Alarm, Fire Sprinkler System
- Interior features
- Ceiling Fans(s), High Ceilings, Vaulted Ceiling(s)
- Exterior features
- Corner Lot
- Fireplace
- 1
- Appliances
- Cooktop, Dishwasher, Dryer, Garbage Disposer, Washer
- Standard status
- Active
- APN
- 5339-01-17-0062
- Size
- 16,021 SF
- Lot size
- 0.87 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7755
Utilities
- Heating system
- Central, Electric (Heating), Fireplace(s)
- Cooling system
- Attic Fan, Central Air
Building Details
- Year built
- 1901
- Number of units
- 30
- Flooring type
- Tile, Wood
- Building materials
- Brick, Frame, Vinyl Siding, Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Daniel Lyonnais License #3196672 (386) 852-7932
Listing office ADAMS, CAMERON & CO., REALTORS 422 S Woodland, Daytona Beach, FL (386) 738-1920
Listing date Jun 1, 2025
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey rented portfolio generating income below market price, including furniture and fixtures.
- Portfolio includes 5 parcels: an 8,000 SF historic Victorian home, a 7,000 SF co‑living property, a 1,021 SF house, and 3 contiguous buildable lots.
- Prime location with 164 feet of frontage on US‑1 in Daytona Beach, minutes from the beach and Intercoastal Waterway.
- The Victorian home is a U.S. National Register of Historic Places property with 10 bedrooms and 5 bathrooms.
- All 3 properties have recent leases with Pad Split, a large co‑living marketplace.
- Three adjacent land parcels totaling .51 acres, zoned T‑2 for a wide variety of uses.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $248.0k | $15.48 |
| − Vacancy | −$26.0k | −$1.63 |
| EGI | $222.0k | $13.85 |
| − OpEx | −$99.9k | −$6.23 |
| NOI | $122.1k | $7.62 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.019907
- Latitude
- 29.204527
