Courtesy of: Dan Lyonnais, Adams, Cameron & Co., Realtors, dan@adamscameron.com
Courtesy of: Dan Lyonnais, Adams, Cameron & Co., Realtors, dan@adamscameron.com
$1,650,000
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30 bed
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12.00 Bath (12 Full)
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Lot: 1.50 Acres
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Other
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$1,650,000
404 S Ridgewood Avenue DEAL ALERT -- List Price: $1, 650, 000 All-Cash / 45-Day Close: $1, 500, 000 NET TO SELLER - All Furnishings Included (~$100K Value) The Seller Has Done the Negotiation For You. This Is the Number. There Is No Counter. PROPERTY OVERVIEW: This is one of the rarest, immediately cash-flowing real estate portfolio opportunities to hit the Daytona Beach market -- a fully renovated, income-producing trifecta of historic, co-living, and single-family residential assets sitting on 1.5 acres with 164 feet of US-1 frontage in the heart of Downtown Daytona Beach. At $1.5 million all-cash, the buyer is acquiring 16, 700 sq-ft of renovated, stabilized income property at under $90 per square foot -- a number that simply does not exist anywhere else in this market for assets of this quality. The portfolio consists of three fully renovated buildings on five contiguous T-2 zoned parcels, generating current income today while offering multiple value-add and development pathways tomorrow. Three additional buildable lots are included in the sale at no additional cost. The seller's bottom line is $1.5 million net -- bring the cash, close in 45 days, and walk away with a furnished, operational real estate business that is already producing. Please see the Full Description Attached.
Courtesy of: Dan Lyonnais, Adams, Cameron & Co., Realtors, dan@adamscameron.com
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