Peggy Cornish - Coldwell Banker Coast
209 S Ridgewood Avenue
DAYTONA BEACH, FL 32114

Description

Historic Hotel in the heart of Daytona Beach. A local landmark for over 100 years. Convenient location within walking distance near groceries, restaurants, shopping, downtown Daytona Beach, Daytona Beach Library, Marinas, etc. Fully leased. 20 rooms stay rented with minimal vacancy. 26 residential units total (3 suites can be separated as two rooms). Parking: 14 spaces. Manager's suite is a 2BR, 2BA apartment. Easy business, guests consist of primarily weekly and monthly rentals, not day-to-day. Property consists of 2 parcels , 110 ft of frontage on US1/Ridgewood Ave. Current annual NOI: $95,000 with potential of over $120,000. Rents vary from $480 to $1,100 / mo depending on unit. Most tenants are on reliable Federal income. Partially renovated and recently inspected by the city. Could use additional TLC for increased income. IMPORTANT - DO NOT DISTURB TENANTS NOR EMPLOYEES.

Details

MLS#V4903040
Sub-TypeResale
StatusPending
Year1915
Days On Site65

Features

SQ Feet10,600
Units26
Building(s)1

Market Activity 32114

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Area Information

StateFL
CountyVolusia
CityDAYTONA BEACH
Zip Code32114
Area32114 - Daytona Beach
Listing VS Median (in 32114)
Price:
$990,000
low | high
Med:
$126,450
100% of Average
SqFt:
10,600
low | high
Med:
1,019
100% of Average
$ / SqFt:
$93
low | high
Med:
$125
15.718055958198% of Average
On Site:
65
low | high
Med:
103
63.106796116505% of Average
Listing Updated: 11/14/2018
MLS Number: V4903040
Listing Provided By:
Carlos Bravo  of  KARLHAUS REALTY

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