Julie Austin - Coldwell Banker Coast
4989 S Ridgewood
Port Orange, FL 32127

Description

Incredible investment opportunity in Port Orange. This property consists of a 7 unit motel and restaurant. The motel enjoys 95% occupancy and each room is leased for 6 month @ $750 per month gross. The restaurant has direct Ridgewood Ave frontage, excellent signage placement and access from both Ridgewood and Fleming Ave. There is a new 5 year lease on the restaurant and the doors are expected to open soon. This is a great income generator with little work involved.

Details

MLS#1032995
Sub-TypeResale
StatusActive
Year1956
Days On Site362

Features

SQ Feet3,132
Story(s)1
Units8
ZoningOther

Market Activity 32127

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Area Information

StateFL
CountyVolusia
CityPort Orange
Zip Code32127
Area21 - Port Orange S of Dunlawton, E of 95
Listing VS Median (in 32127)
Price:
$675,000
low | high
Med:
$299,900
100% of Average
SqFt:
3,132
low | high
Med:
2,614
66.538952745849% of Average
$ / SqFt:
$216
low | high
Med:
$115
96.766029074216% of Average
On Site:
362
low | high
Med:
19
100% of Average
Listing Updated: 08/18/2018
MLS Number: 1032995
Listing Provided By:
Beau Warren  of  Realty Pros Assured