$1,500,000
Active · 62 days on market · MLS# MFRV4948811
| Living area | 9,012 sq ft |
|---|---|
| Lot size | 1.02 acres |
| Year built | 1910 |
| Property type | Mixed Use |
| Waterfront | Yes |
| Annual taxes | $15,100 |
| County | Volusia |
Discover a landmark commercial opportunity in Daytona Beach, where historic charm meets an amazing modern investment potential. Originally built in 1910 as the stately private residence for a prominent doctor and his family, this distinguished property has gracefully evolved, standing the test of time through meticulous transformations. Now, it presents an unparalleled, fully renovated, high-yield asset just one block from Daytona's burgeoning redevelopment district. Spanning an impressive 9012 square feet, this turnkey offering features a remarkable 25-bedroom configuration, many with private baths, alongside five fully independent apartments. A comprehensive top-to-bottom renovation ensures peace of mind, boasting a new roof, new windows, and completely updated electrical, plumbing, and HVAC systems. Designed to maximize cash flow, the versatile layout supports multiple lucrative revenue streams, including co-living, workforce housing, short-term rentals, or traditional multifamily leasing. Positioned on highly visible Ridgewood Avenue, with close proximity to the beach, retail, dining, and major thoroughfares, this asset is built for strong occupancy and consistent returns. Explore the enduring legacy and exceptional income potential of this unique Daytona Beach investment.
Listing courtesy of Ashlee Selman, ADAMS, CAMERON & CO., REALTORS. Presented by MC Homes Realty Inc · 727432218.