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5310 S Ridgewood Avenue, Port Orange, FL 32127

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For Sale

$529,000

4 beds • 2,478 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $213.48
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

3 apartments plus 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. Apt 1, featuring 1 bed/1 bath, is currently leased at $1,060. Apt 2, offering the same layout, commands $1,000/month. Apt 3, boasting 2 beds/2 baths is leased at $1,660 monthly. Landlord pays water and tenants pay electric. The storage lot/RV Pad was formerly leased at $700/month. 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. 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
MLS# O6230846

Courtesy Of Sloane Realty, LLC

(407) 829-2418

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Exterior Type
    Block, Stucco
  • Heating System
    Central Furnace, Wall Unit
  • Lot Size
    0.36 Acres

Map and Directions

Directions to 5310 S Ridgewood Avenue, Port Orange, FL 32127

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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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