801 Ridgewood Ave

• Introducing a lucrative investment opportunity!
• SOLID CAP RATE OF 13.33% ! Lucrative investment opportunity - 38 Keys $350 week per unit.
• 38-unit property operating as short-term guests!
• Variety of units: 29 two-bed units, 6 one bed units
• 2 two-bedroom units
• Studio
• Office
• 2023 Fresh Paint, replaced Washer/Dryers, & Landscaping.
• 2018 upgrades:
• Brand-new roofs
• All-new AC units
• Updated TVs
• Equipped with essential amenities:
• Wi-Fi
• HBO/Cinemax subscriptions
• New electrical lines
• All furniture, fixtures, and equipment (FF&E) included, making this a turnkey business.
• On-site manager open to staying on post-sale for continuity.
• Excellent for short and long-term rentals with a stellar reputation and loyal customer base.
• Seller open to offering a small portion of seller financing, adding flexibility.
• Key Features:
• SOLID CAP RATE OF 13.33% WITH low property taxes.
• On-site manager available for seamless transition.
• Modern upgrades enhance overall property value.
• All-new AC units.
• Conveniently located within 15 minutes of I-95, Daytona International Speedway, Historic Daytona Beach, and Daytona International Airport.
• Don't miss out on this hassle-free, turnkey business opportunity with a prime location and impressive returns.

Property Description

Introducing a lucrative investment opportunity – a 38-unit property currently operating as a short term and long-term extended stay. Boasting a variety of units, including 29 two-bedrooms, 6 one-bedrooms, 2 two-bedroom units, a studio, and an office, this asset is designed for versatility. Upgrades completed in 2018 include brand-new roofs, ensuring modern aesthetics and durability. The complex is equipped with essential amenities such as Wi-Fi, HBO/Cinemax subscriptions, new electrical lines, and updated TVs. The air conditioning units have been recently replaced, and all furniture, fixtures, and equipment (FF&E) are included in the sale, making this a turnkey business. The on-site manager is open to staying on post-sale, providing continuity for the buyer. This property is an excellent choice for both short and long-term rentals, boasting a stellar reputation and a loyal customer base. The seller is even open to the possibility of offering a small portion of seller financing, adding flexibility to the transaction.