Property Description
$650K Price Improvement! Stabilized cash on cash return of 11.52%!
Takeover 8.21% takeover cap rate with opportunity to increase revenue immediately upon takeover!
Below market $119.70 price / SF for a newly renovated portfolio.
3 vacant lots included for additional development and cash flow!
Sellers prefer cash at closing at the current reduced price.
No seller financing or creative financing offers will be entertained.
Email agent for Offering Memorandum and financials.
The Historic Daytona Portfolio offers 3 buildings on 5
contiguous parcels on 1.5 acres in Daytona Beach, FL with 164
feet of frontage on US-1.
The crown jewel of the portfolio is the fully renovated
Victorian masterpiece featuring 8,0000 s/f of living space
with 10 bedrooms, 5 bathrooms and 2 additional basement
apartment units. The Victorian recently is being utilized as a
short term rental.
Adjacent to the Victorian is the fully renovated Co-Living
House, featuring 13 bedrooms and 4 bathrooms. The house is
currently 100% occupied, utilizing PadSplit which is an online
platform that allows rooms to be rented by the week.
Situated west of the Victorian sits a fully renovated single
family home at 315 Live Oak St. and features 3 bedrooms and
1 bathroom, also rented by the room via PadSplit.
The property features a combined 28 bedrooms, 12
bathrooms and a total of 16,700 square feet.
• 3 additional contiguous lots are included in the offering:
West End Parcel: Parcel ID 533901170060
.24 acres
Middle parcel: Parcel ID: 533901170061
.126 acres
East End Parcel: Parcel ID: 533901170064
.143 acres
The 3 lots equal roughly half an acre.
An investor could reconfigure the existing parking area and
develop 2 or 3 of these additional lots.
• All 5 parcels are zoned T-2 which allows for a wide variety of
uses including: single family, multifamily, short term rental,
assisted living, skilled nursing, office, retail, restaurant, and
more.
Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more.
• Addresses for the Portfolio Include:
(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL
32114
(The Co-Living House) 408 S. Ridgewood Ave. Daytona
Beach, FL 32114
(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114
*The Victorian and the Co-Living House are on the same
parcel.
*The SFR is on a separate Parcel
All 5 parcels are zoned T-2 which allows for a wide variety of
uses including: single family, multifamily, short term rental,
assisted living, skilled nursing, office, retail, restaurant, and
more.
Current ownership is utilizing the portfolio for residential
rentals, however, a variety of other uses are allowed including
ALF, Skilled Nursing, Office, Single Family, Multifamily, Retail
and more.
• Addresses for the Portfolio Include:
(The Victorian) 404 S. Ridgewood Ave. Daytona Beach, FL
32114
(The Co-Living House) 408 S. Ridgewood Ave. Daytona
Beach, FL 32114
(The SFR) 315 Live Oak Ave. Daytona Beach, FL 32114
*The Victorian and the Co-Living House are on the same
parcel.
*The SFR is on a separate Parcel