5310 Ridgewood Ave, Port Orange, FL 32127
4 Unit Apartment Building | $549,000 ($137,250/Unit) | Port Orange, FL 32127
For Sale
Active
Asking Price $549,000
- Property Type
-
Multifamily
- Square Feet
- 2,478 SF
Listing Contacts
Matt White
Property Overview
Current use is 3 apartments and a large storage yard that has an RV pad with full water, electric, and sewer hookups. Commercial Zoning, Approved for Mixed-Use Including Retail, Apartments, Storage, and Residential Accommodations in Port Orange, Florida. Apt 1, featuring 1 bed/1 bath, is currently leased month-to-month at $950. Apt 2, offering the same layout, commands $1,000/month and is leased until 2/28/24. Apt 3, boasting 2 beds/2 baths, was previously leased at $1600/month. Additionally, the property includes a storage lot/RV Pad, formerly leased at $700/month, providing further income potential. NOTE: Apt 3 and the RV Pad/storage yard have been intentionally left vacant to facilitate showings and offer flexibility to the new owner. The storage area includes an RV Pad equipped with full water, electric, and sewer hookups, allowing for the accommodation of RVs and additional rental income opportunities. This property's maintenance has been meticulously attended to, with the roof and central AC replaced in 2019 (1 bed units have window AC's). Additional updates such as upgraded electrical systems and water heaters replaced in 2015 and 2019 ensure modern functionality and efficiency. Plumbing infrastructure features CPVA/PVC, enhancing durability and reliability. Tenants are responsible for their own electricity bills and the owner covering water expenses. This property offers a hassle-free management experience. Whether you're seeking an excellent income investment or considering owner occupancy, this property provides a versatile and lucrative opportunity. Don't miss out on this rare chance to acquire a meticulously maintained income property in a highly sought-after location.
Commercial zoning within the Ridgewood development district. Permitted uses include Retail, Storage, Multifamily, Pawnshop, appliance/electronic repair shop, Boat sales, Fraternal Organizations, industrial equipment supplies, Convenience stores with or without fuel, equipment rental, funeral home, Greenhouse/Nursery, Health/exercise club, Hotel, manufacturing, medical office, Mobile home sales, Offices, Restaurant, Tattoo establishment, and much more. Prime location near beaches, the Intercoastal, shopping centers, restaurants, and much more.
Current owner pays $2,771 annual insurance premium and Real Estate taxes for 2023 were $5,689
Commercial zoning within the Ridgewood development district. Permitted uses include Retail, Storage, Multifamily, Pawnshop, appliance/electronic repair shop, Boat sales, Fraternal Organizations, industrial equipment supplies, Convenience stores with or without fuel, equipment rental, funeral home, Greenhouse/Nursery, Health/exercise club, Hotel, manufacturing, medical office, Mobile home sales, Offices, Restaurant, Tattoo establishment, and much more. Prime location near beaches, the Intercoastal, shopping centers, restaurants, and much more.
Current owner pays $2,771 annual insurance premium and Real Estate taxes for 2023 were $5,689
Property Details
- Year Built
- 1950
- Stories
- 1
- Property Subtype
- Manufactured Housing/Mobile Home, Dormitory
- Lot Size (sq. ft)
- 15,682 SF
- Units
- 4
Highlights
- see auction terns at https://realestate.alexcooper.com/auction-property/1-8S8JOG
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