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1202 RIDGEWOOD AVE Daytona Beach, FL 32117
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Key Details
Sold Price $1,925,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Out Of County
MLS Listing ID FC268665
Sold Date 01/21/22
Condo Fees $190
HOA Y/N No
Originating Board Flagler
Year Built 1984
Annual Tax Amount $10,500
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Cash Cow! Great investment opportunity! 35 efficiency units, located in the heart of Holly Hill, easy access to freeway, shopping centers, and 10 minutes to the beach. 92% rented. Total monthly rent is $25,200. We have an HOA fees of $6,650 (that is $190 per unit which includes Water, Electricity, gas, internet, cable, ground keeping, insurance, exterminator).Our tenants pay between $700 to $800 per unit for rent with all utilities included. Exterior paint is being done on all buildings and the pool is being totally rebuilt. The HOA has a total of 105 units. HOA has a large cash reserve. Owner will finance $1,200,000 at 6% interest rate. Buyer to bring the difference in cash.
Location
State FL
County Volusia
Community Out Of County
Zoning OUT/CNTY
Interior
Interior Features Ceiling Fans(s)
Heating Natural Gas, Other
Cooling Other, Wall/Window Unit(s)
Flooring Tile
Exterior
Exterior Feature Fence
Garage Other, Over 30 Spaces, Oversized
Roof Type Built-Up
Parking Type Other, Over 30 Spaces, Oversized
Building
Lot Description Oversized Lot
Story 2
Entry Level Two
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
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Bought with 3 Dot Realty LLC
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