5310 S RIDGEWOOD AVE Port Orange, FL 32127
4 Beds
4 Baths
2,648 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,648 sqft
Price per Sqft $200
Subdivision Allandale
MLS Listing ID O6379887
Bedrooms 4
HOA Y/N No
Year Built 1950
Annual Tax Amount $5,149
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 75x210
Property Sub-Type Triplex
Source Stellar MLS
Property Description
Highlights:
Triplex – 3 income-producing units + fenced RV storage area
Fully tenant occupied
Immediate cash flow
Strong rental demand area
Convenient Port Orange location
Unit 1 is a one bedroom, one bathroom with full kitchen paying $1,060 per month.
Unit 2 is a one bedroom, one bathroom, with full kitchen paying $1,065 per month.
Unit 3 is a two bedroom split plan with two full baths, a full kitchen, and large fenced RV/storage yard paying $2,400 per month.
Tenants pay they own electric (4 electric meters). Water is paid by owner/landlord. No HOA or Condo Dues. Public sewer and Public water.
Located along S Ridgewood Avenue (US-1), the property benefits from strong visibility and convenient access to shopping, dining, major roadways, and area employers. The Port Orange market continues to show solid rental demand, supporting long-term appreciation and dependable returns.
Whether you are expanding an existing portfolio or entering the multi-family market, this property presents a turnkey investment with upside potential. Take advantage of this 8+ cap rate with current tenants while it is still available. Properties with this level of cash flow sell quickly.
Located within The Ridgewood Development District which is designed to encourage the development and redevelopment, modernization, and beautification of the Ridgewood Avenue. Wide range of permitted uses includes Adult vocational education / Appliance & electronic repair shops / Athletic sports facilities / Auction houses / Banks / Boat sales / Business services / Clubs, lodges, and fraternal organizations / Commercial & industrial equipment and supplies / Convenience stores with or without fuel operations / Equipment rental / Financial services / Fleet-based services / Fortunetellers, astrologers, and palm readers / Funeral homes / Furniture and appliance stores / Greenhouses and nurseries (wholesale and retail) / Health/exercise club / Hotels / Houses of worship / Laboratory, research and development / Maintenance contractors / Manufacturing / Medical offices & clinics / Mobile home sales / Motor vehicle sales / Motor vehicle service centers / Motor vehicle service stations / Offices / Pawn shops / Personal services / Restaurants / Retail home building materials / Retail sales and services / Tattoo establishment / Taxidermy / Theaters / Veterinary clinics / Wholesalers and distributors / Xerographic and offset printing and potentially much more
Location
State FL
County Volusia
Community Allandale
Area 32127 - Port Orange/Ponce Inlet/Daytona Beach
Zoning 01B4
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
Heating Central, Electric, Ductless
Cooling Central Air, Wall/Window Unit(s)
Fireplace false
Laundry None
Exterior
Exterior Feature Fence, Private Entrance, Storage
Community Features Street Lights
Utilities Available Cable Available, Electricity Available, Phone Available, Public, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Concrete,Stucco
New Construction false
Others
Pets Allowed Cats OK, Dogs OK
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6379887
