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Daytona Beach
32114
404 Ridgewood Ave

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FOR SALE

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404 S Ridgewood Ave, Daytona Beach, FL 32114

7,348 SF 0.87 ac lot Built 1901

Entity Owned 3-yr Hold Free & Clear

Property ID

US18-0576486

$1,650,000 7,348 SF

404 S Ridgewood Ave, Daytona Beach, FL 32114
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This exceptional investment opportunity in Daytona Beach, Florida, presents a portfolio of two properties totaling 26 units. The centerpiece is a meticulously restored Victorian home, listed on the U.S. National Register of Historic Places. This 8,000 square foot landmark boasts 11 bedrooms and 5 bathrooms, complemented by two additional basement apartments. Adjacent to the Victorian is a fully renovated co-living house featuring 13 bedrooms and 4 bathrooms. Both properties underwent comprehensive renovations in 2023, incorporating hotel-level interior design. Currently utilized as residential rentals, the properties are situated on a combined 1.48 acres and benefit from T-2 zoning, allowing for a wide range of future uses. The properties are strategically located in the heart of downtown Daytona Beach, just minutes from the beach, Daytona International Airport, Daytona International Speedway, and Bethune-Cookman University. The Victorian and co-living house are currently leased through a platform that facilitates weekly rentals, maximizing occupancy and cash flow. This portfolio offers a unique blend of historic charm, modern amenities, and significant upside potential in a rapidly growing market. The property consists of two buildings, three stories each, with a total of 15,000 square feet of net rentable space. The properties are situated on two parcels with APNs 5339-01-17-0062 and 5339-01-17-0060. Built in 1896 and extensively renovated in 2023, this portfolio represents a rare opportunity to acquire a high-performing asset in a prime location.