551 N Ridgewood Ave, Daytona Beach, FL 32114

4-unit apartment building in the heart of Daytona Beach. Located just a few blocks from the river and sits on one the area's major arteries, U.S. Highway 1. Walking distance to bus transfer station, the newly completed $36.5 million - 22-acre Riverfront Esplanade for a premier gathering space with botanical garden, children's splash pad area, concert areas and the Beach Street Entertainment and Cultural District. This quality apartment building has had all the renovations completed, necessary to increase rents to match current market conditions. Three out of the 4 units have been leased with a current Annual Gross Income of $51,660. Now is the time if you wish to owner occupy one of the units or lease out the 4th unit and increase the AGI to $68,760. Current monthly expenses (taxes, insurance, water, sewer, and trash) are approximately $860. The reroof was just completed in 2023, remodeled kitchen and baths, interior and exterior freshly painted and new Mini splits for all 4 units in 2022. Updated plumbing in 2018, new main electrical panel for building in 2017 and all new windows in 2017. Nothing left to do except collect the rent.