5310 S Ridgewood Avenue, Port Orange, FL 32127
- $530,000
- 4
- BD
- 4
- BA
- 2,648
- SqFt
- Sold Price
- $530,000
- List Price
- $530,000
- Status
- Sold
- Days on Market
- 76
- Closing Date
- Apr 28, 2026
- MLS#
- O6379887
- Property Style
- Triplex
- Year Built
- 1950
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 2,648
- Lot Size
- 15,750
- Acres
- 0.36
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Allandale
- MLS Area Major
- Port Orange/Ponce Inlet/Daytona Beach
Property Description
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 area Fully tenant occupied Immediate cash flow Strong rental demand area Convenient Port Orange location Unit 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
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Additional Information
- Taxes
- $5149
- Annual Gross Income
- 55080
- Community Features
- Street Lights, No Deed Restriction
- Property Description
- One Story
- Zoning
- 01B4
- Interior Layout
- Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
- Interior Features
- Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
- Utilities
- Cable Available, Electricity Available, Phone Available, Public, Water Connected
- Heating
- Central, Electric, Ductless
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Exterior Construction
- Concrete, Stucco
- Exterior Features
- Fence, Private Entrance, Storage
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 63-10-07-16-00-1000
- Legal Description
- LOTS 1 & 28 BLK 16 ALLANDALE MB 4 PG 146 PER OR 4813 PG 0599 PER OR 7074 PG 4520 PER OR 7718 PG 3632 PER OR 8269 PG 4714
Listing courtesy of SLOANE REALTY, LLC. 407-829-2418
Selling Office: SLOANE REALTY, LLC.Mortgage Calculator
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