Dylan Libadisos
BEDS4
BATHS
SQUARE FEET2,648
MLS#O6379887
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONALLANDALE
Property Description
Under contract-accepting backup offers. Excellent income-producing opportunity in Port Orange. This well-maintained triplex at 5310 S Ridgewood Ave is 100% tenant occupied, offering immediate cash flow for the new owner. All three units are currently leased and generating consistent rental income, making this an ideal asset for investors seeking a stabilized property.Highlights:Triplex - 3 income-producing units + fenced RV storage areaFully tenant occupiedImmediate cash flowStrong rental demand areaConvenient Port Orange locationUnit 1 is a one bedroom, one bathroom with full kitchen paying $1,060 per month.Unit 2 is a one bedroom, one bathroom, with full kitchen paying $1,065 per month. Unit 3 is a two bedroom split plan with two full baths, a full kitchen, and large fenced RV/storage yard paying $2,400 per month. Tenants pay they own electric (4 electric meters). Water is paid by owner/landlord. No HOA or Condo Dues. Public sewer and Public water. Located along S Ridgewood Avenue (US-1), the property benefits from strong visibility and convenient access to shopping, dining, major roadways, and area employers. The Port Orange market continues to show solid rental demand, supporting long-term appreciation and dependable returns.Whether you are expanding an existing portfolio or entering the multi-family market, this property presents a turnkey investment with upside potential. Take advantage of this 8+ cap rate with current tenants while it is still available. Properties with this level of cash flow sell quickly. Located within The Ridgewood Development District which is designed to encourage the development and redevelopment, modernization, and beautification of the Ridgewood Avenue. Wide range of permitted uses includes Adult vocational education / Appliance & electronic repair shops / Athletic sports facilities / Auction houses / Banks / Boat sales / Business services / Clubs, lodges, and fraternal organizations / Commercial & industrial equipment and supplies / Convenience stores with or without fuel operations / Equipment rental / Financial services / Fleet-based services / Fortunetellers, astrologers, and palm readers / Funeral homes / Furniture and appliance stores / Greenhouses and nurseries (wholesale and retail) / Health/exercise club / Hotels / Houses of worship / Laboratory, research and development / Maintenance contractors / Manufacturing / Medical offices & clinics / Mobile home sales / Motor vehicle sales / Motor vehicle service centers / Motor vehicle service stations / Offices / Pawn shops / Personal services / Restaurants / Retail home building materials / Retail sales and services / Tattoo establishment / Taxidermy / Theaters / Veterinary clinics / Wholesalers and distributors / Xerographic and offset printing and potentially much more
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central, Electric, Ductless
Lot Size: 0.36 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $5,149
Year Built: 1950
Amenities
Ceiling Fans(s)
Eat-in Kitchen
Kitchen/Family Room Combo
Open Floorplan
Primary Bedroom Main Floor
Thermostat
Walk-In Closet(s)
Fence
Private Entrance
Storage
Feature Descriptions
Annual Net Income: 43531.00
Community Features: Street Lights
Days on Site: 28
Directions: Start in Orlando:â?? Get on I-4 East from downtown Orlando.Follow I-4 E:â?? Drive east toward Daytona/Daytona Beach (continue on I-4 E for ~40â??45 miles).Transition to I-95 S:â?? Take the exit to I-95 South toward Daytona Beach.Exit at Port Orange:â?? Ta
Exterior: Concrete, Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.36
Other Equipment: Private Entrance
Ownership: Fee Simple
Pets Allowed: Cats OK, Dogs OK
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: Listing Agent Must Accompany, No Lockbox, ShowingTime
Special Sale Provisions: None
Units: 3
Utilities: Cable Available, Electricity Available, Phone Available, Public, Water Connected
Water: Public
Water Access Y/N: No
Zoning: 01B4
Listed By / Shown By
Listed By
Agency Name: SLOANE REALTY, LLC
Agency Contact: 407-829-2418
Shown By
Agent Name: Dylan Libadisos
Agent Phone: Cell: (808) 221-4533
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,750.63 per month $1,168.42 Principal & Interest $429.08 Property Tax $153.13 Homeowner's InsuranceChange Payment Information
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5310 S Ridgewood Avenue | MLS# O6379887
This multi-family property located at 5310 S Ridgewood Avenue, Port Orange, FL 32127 is currently listed for sale with an asking price of $525,000. Search Port Orange real estate on www.dylanrealtor.com today.