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    1202 Ridgewood Avenue , #1200

    Holly Hill, FL 32117
    • $2,860,000
    • STATUS: Active
    • ON SITE: 96 days
    • MLS #: 1085243
    UPDATED: 35 min ago
    $2,860,000
    • 0
      BEDS
    • 0
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,728
      SQFT
    • $208
      $/SQFT
    Type:
    Commercial
    Built:
    1984
    County:

    School Ratings & Info

    Description

    Cash Cow! Great investment opportunity! 52 efficiency units, located in the heart of Holly Hill, easy access to freeway, shopping centers, and 10 minutes to the beach. 92% rented. Total monthly rent is $357,440. We have an HOA fees of $9,880 (that is $190 per unit which includes Water, Electricity, gas, internet, cable, ground keeping, insurance, exterminator).Our tenants pay between $700 to $800 per unit for rent with all utilities included. Exterior paint is being done on all buildings and the pool is being totally rebuilt. The HOA has a total of 105 units. HOA has a large cash reserve. We are looking for cash buyer only.

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    © 2021 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Momentum Realty. Data last updated: 2021-09-23T22:26:56.593.
    www.isell386.com/homes/118464407
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    1202 Ridgewood Avenue , #1200 Holly Hill, FL 32117

    • Price: $2,860,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 1085243
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0
    Acres
    13,728
    SQFT
    $208
    $/SQFT
    1984
    Built
    Neighborhood:
    LPGA to Granada, E of Nova
    County:
    Volusia
    Area:
    LPGA to Granada, E of Nova
    Property Description
    Cash Cow! Great investment opportunity! 52 efficiency units, located in the heart of Holly Hill, easy access to freeway, shopping centers, and 10 minutes to the beach. 92% rented. Total monthly rent is $357,440. We have an HOA fees of $9,880 (that is $190 per unit which includes Water, Electricity, gas, internet, cable, ground keeping, insurance, exterminator).Our tenants pay between $700 to $800 per unit for rent with all utilities included. Exterior paint is being done on all buildings and the pool is being totally rebuilt. The HOA has a total of 105 units. HOA has a large cash reserve. We are looking for cash buyer only.
    Exterior Features

    Construction Concrete Block Parking LotPaved Parking Spaces 176 Roof Built-Up

    Interior Features

    Air Conditioning Wall/Window Units Heating CentralElectricGasMixedWall/Window Units Sq Ft Total 13728.00

    Property Features

    As Is Condition Yes Building Type Location AttachedCommercialCondoFree Standing Business Type Multi-Family-Commercial Commercial Style Comm-Land & Bldg Incl Condo Fees Include Building InsuranceCable/SatelliteCommon AreaElectricExterior PaintLawnPest ControlSecuritySewerTrashWater Franchise Opt In Yes Gross Income 422496.00 Homestead Exemption No Includedin Sale Building Net Operating Income 167072.00 Nrr Req No Possible Use Motel/Hotel Sewer Public Sewer Special Conditions Agent Owned Sq Ft Source Property Appraiser Tax Year 2020 Taxes 15600.00 Utilities On Site 200 AmpNatural Gas Water Avail At SiteCity

    Listing courtesy of Rodolphe Charles Brun of 3 Dot Realty, Llc.


    © 2021 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Momentum Realty. Data last updated: 2021-09-23T22:26:56.593.
     
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    Momentum Realty
    4109 South Peninsula Drive
    Port Orange FL, 32127