5310 S RIDGEWOOD AVENUE PORT ORANGE FL 32127 MLS #O6230846

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