404 S Ridgewood Avenue
Daytona Beach, FL 32114

$400K Price Improvement! Stabilized cash on cash return of 11.85%!Takeover 7.2% cap rate with further opportunity to increase revenue immediately on takeover.Below market $136 price per / SF for a newly renovated portfolio.3 vacant lots included for additional development and cash flow!Creative Seller financing available for the right deal structure!Email agent for Offering Memorandum and financials.The Historic Daytona Portfolio offers 3 buildings on 5contiguous parcels on 1.5 acres in Daytona Beach, FL with 164feet of frontage on US-1.The crown jewel of the portfolio is the fully renovatedVictorian masterpiece featuring 8,0000 s/f of living spacewith 10 bedrooms, 5 bathrooms and 2 additional basementapartment units. The Victorian recently is being utilized as ashort term rental.Adjacent to the Victorian is the fully renovated Co-LivingHouse, featuring 13 bedrooms and 4 bathrooms. The house iscurrently 100% occupied, utilizing PadSplit which is an onlineplatform that allows rooms to be rented by the week.Situated west of the Victorian sits a fully renovated singlefamily home at 315 Live Oak St. and features 3 bedrooms and1 bathroom, also rented by the room via PadSplit.The property features a combined 28 bedrooms, 12bathrooms and a total of 16,700 square feet." 3 additional contiguous lots are included in the offering:West End Parcel: Parcel ID 533901170060.24 acresMiddle parcel: Parcel ID: 533901170061.126 acresEast End Parcel: Parcel ID: 533901170064.143 acresThe 3 lots equal roughly half an acre.An investor could reconfigure the existing parking area anddevelop 2 or 3 of these additional lots." All 5 parcels are zoned T-2 which allows for a wide variety ofuses including: single family, multifamily, short term rental,assisted living, skilled nursing, office, retail, restaurant, andmore.Current ownership is utilizing the portfolio for residentialrentals, however, a variety of other uses are allowed includingALF, Skilled Nursing, Office, Single Family, Multifamily, Retailand more." Addresses for the Portfolio Include:(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL32114(The Co-Living House) 408 S. Ridgewood Ave. DaytonaBeach, FL 32114(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114*The Victorian and the Co-Living House are on the sameparcel.*The SFR is on a separate ParcelAll 5 parcels are zoned T-2 which allows for a wide variety ofuses including: single family, multifamily, short term rental,assisted living, skilled nursing, office, retail, restaurant, andmore.Current ownership is utilizing the portfolio for residentialrentals, however, a variety of other uses are allowed includingALF, Skilled Nursing, Office, Single Family, Multifamily, Retailand more." Addresses for the Portfolio Include:(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL32114(The Co-Living House) 408 S. Ridgewood Ave. DaytonaBeach, FL 32114(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114*The Victorian and the Co-Living House are on the sameparcel.*The SFR is on a separate Parcel