5202 Riverside Drive, Port Orange, FL, 32127

5202 Riverside Drive Port Orange, FL 32127

Port Orange
FOR SALE
Property Type:
Other Special Purpose
Amount:
$1,400,000
Last Verified:
Oct 08, 2024

Daily Email Blast
0 times


Highlights

  • 7 thoughtfully designed rental units for maximum tenant comfort
  • - Superior quality and modern amenities for a desirable living experience
  • - Prime location in the sought-after Port Orange area
  • - Compelling addition to a Multifamily/Single Family Rental Portfolio
  • - Lucrative potential for strong returns and enduring value

Description

Introducing a prime investment opportunity: This distinguished property, featuring 7 units, is an exceptional addition to your Multifamily/Single Family Rental Portfolio. Each unit is thoughtfully designed to provide optimal comfort and convenience for tenants. With a focus on superior quality and modern amenities, this property presents a compelling investment for those seeking a robust rental portfolio. The prime location and the lucrative potential of its 7 units make this a noteworthy addition to your real estate portfolio, ensuring enduring value and strong returns for years to come.

This Property can be rented out on air bnb and consists of the main house that has two sections that can be rented out individually as a three bedroom and two bedroom or it can be rented out as one unit, there are three studios that are rented out weekly at $400 a week and two one bedroom units.

5202 Riverside Dr., Port Orange, Florida, is an exceptional property that offers a unique combination of income-generating opportunities and a picturesque waterfront lifestyle. Situated along the serene Riverside Drive, this property comprises a main house and three separate apartments, all surrounding a delightful pool area.

The main house is a charming residence that presents an ideal living space for the new buyer. With its prime location at the front of the property, it offers breathtaking views of the beautiful river waterfront. Imagine waking up to stunning sunrises, with the glistening water just steps away from your doorstep. The house boasts spacious rooms and large windows that allow for abundant natural light and maximize the scenic views.

The property's three apartments provide an excellent opportunity for generating income. Each apartment is thoughtfully designed and offers comfortable living spaces for tenants. With the popularity of the area, particularly for beach and water enthusiasts, these apartments have the potential to attract renters seeking a coastal lifestyle. The pool area serves as a fantastic amenity for both the main house and apartment tenants, providing a relaxing oasis to enjoy the Florida sun.

One of the standout features of this property is the private dock, which allows the new owner to park their boat and indulge in waterfront activities. Whether it's a leisurely cruise along the intracoastal waterway or venturing out to explore the Daytona Beach peninsula, this dock provides convenient access to the water. The captivating views of the skyline across the waterway create a stunning backdrop to enjoy throughout the day.

5202 Riverside Dr. offers an enticing opportunity to combine investment potential with an idyllic waterfront lifestyle. The property's main house provides the perfect residence for the owner, with its stunning riverfront views, while the three apartments offer a steady stream of income. Additionally, the dock and the proximity to the intracoastal waterway and Daytona Beach peninsula enhance the appeal of this remarkable property.


Year Built: 1920
Building Size: 2009sq ft
Lot Size: 0.74 acres


Documents

2024 Offering Memorandum (L)

Map of 5202 Riverside Drive, Port Orange, FL, 32127

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.