5010 S RIDGEWOOD AVENUE
Port Orange, FL 32127
2156 sqft | 0.24 acres | #V4942567
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.
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Property Details
- Utility FeaturesElectricity Connected, Sewer Connected, Water Connected
- High SchoolSpruce Creek High School
- Middle SchoolSilver Sands Middle
- Elementary SchoolPort Orange Elem
- InteriorCeiling Fans(s)
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Original List Price$335,000
- MLS #V4942567
- MLS #V4942567
- SubdivisionNORWOOD
- CountyVolusia
- Property SubtypeTriplex
- Utility SourcePublic
- Taxes Annual$4,509
- Cost335000
- Exterior MaterialsOther
- Acres0.24
- Square Feet2156
- Year Built1946
- FoundationSlab
- Days on Market (Cumulative)18
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Eva Garcia
Last Updated:Â . Source: SMLS
Listing Courtesy
Listing Agent: Brannon Owens (#MFR253010439)
Listing Office: KELLER WILLIAMS RLTY FL. PARTN (#MFR96900)

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