5010 S RIDGEWOOD AVE new Save Request In-Person Tour Request Virtual Tour
Port Orange,FL 32127
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,542 sqft
Price per Sqft $217
Subdivision Norwood
MLS Listing ID V4942567
Year Built 1946
Annual Tax Amount $4,509
Lot Size 10,454 Sqft
Property Sub-Type Triplex
Property Description
Don't miss your chance to own this fully rented triplex with exceptional income potential, located just minutes from the Intracoastal Waterway and world-famous beaches. Situated in a highly desirable area of Port Orange, this property is not only zoned for up to 10 units, but it's also already generating a steady monthly income of $3,200 from quality, long-term tenants. This well-maintained investment property includes: A charming 2-bedroom, 1-bath cottage with a new HVAC system. A separate studio unit featuring distinct kitchen and living spaces. A spacious 1-bedroom, 1-bath unit with a generously sized kitchen and living area. New roofs recently installed on both buildings. Whether you're an experienced investor looking to expand your portfolio or seeking a rare multifamily opportunity with future development potential, this property offers both immediate returns and long-term upside. Located in the highly regarded Port Orange school district, this triplex is close to shopping, dining, parks, and all that makes this coastal community so desirable. With zoning in place for expansion and solid rental history, this is a smart addition to any investor's portfolio.
Opportunities like this are rare. Schedule your private showing today!
Location
State FL
County Volusia
Community Norwood
Area 32127 - Port Orange/Ponce Inlet/Daytona Beach
Zoning 01B4
Interior
Heating Central
Cooling Central Air
Laundry Inside
Exterior
Exterior Feature Other
Parking Features Common,Guest
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Stucco
New Construction false
Schools
Elementary Schools Port Orange Elem
Middle Schools Silver Sands Middle
High Schools Spruce Creek High School
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None