Investment Highlights
- Portfolio offering consisting of a historic Victorian home with two basement apartments and a Co-Living House next door along with an adjacent parcel.
- The Victorian is listed on the U.S. National Register of Historic Places. Features 8,000 SF of living space with 11 bed/5 bath and 2 additional basement apartments.
- The Co-Living House features 13 bedrooms and 4 bathrooms. The home is rented utilizing PadSplit which is an online platform that allows rooms to be rented by the week.
- Currently the properties are being utilized as residential rentals; Both parcels are zoned T-2 which allows for a wide variety of uses.
- Comprehensive renovations have been made to the properties since 2023. Interior designers specializing in hotels were brought in to elevate the home.
- Aura Aero Inc. selects Volusia County for a 500K SF manufacturing and assembly plant that will employ up to 1000 people at the Daytona Beach International Airport which is located just 3.8 miles from the property. Aura Aero's decision to establish its U.S. headquarters in Daytona as a tremendous win for the local and regional economy.
- Perfectly positioned in the heart of downtown Daytona. The assets sit just minutes from the beach, Daytona Int. Airport, Dayton Int. Speedway, Bethune-Cookman Univ. and much more.
Offering Summary
Bracket Real Estate Inc., in conjunction with
RealInsight Marketplace, are pleased to present for sale the Historic Victorian Multifamily opportunity in Daytona Beach, FL. Presenting a unique investment opportunity in the heart of Daytona Beach, this portfolio comprises a beautifully restored Victorian home, a fully renovated co-living house, and a .27-acre lot. The homes are strategically located with 164 feet of prime frontage on US-1, just minutes away from the beach, the intercoastal, and major attractions such as Daytona Int. Speedway and Bethune-Cookman University. This prime location, combined with the recent property enhancements and diverse zoning options, makes this offering particularly appealing to investors and developers alike.
The centerpiece of this portfolio is the stunning Victorian home, listed on the U.S. National Register of Historic Places. Spanning an impressive 8,000 square feet, this historic gem boasts 10 uniquely decorated bedrooms, 5 full bathrooms, and two basement apartments. Current lease with PadSplit runs through July 2025.
The property was fully renovated in 2023. Adjacent to the Victorian is the fully renovated co-living house, which offers 13 bedrooms and 4 bathrooms. Currently 100% occupied, this property leverages the innovative PadSplit platform to facilitate weekly rentals, maximizing occupancy and cash flow. Together, these properties provide a robust rental income stream, while the zoning flexibility allows for a variety of alternative uses, including assisted living, skilled nursing, or retail opportunities. Current lease with PadSplit runs through August 2025.
Daytona Beach is witnessing a remarkable surge in growth, with projections indicating a 40% increase in population from 2020 to 2045. This vibrant city, known for its stunning coastline and thriving community, has experienced a significant 3.62% population growth in just the past year. The real estate market reflects this trend, with home prices soaring by 33.2% year-over-year, reaching a median price of $305,000.
The third item of the portfolio is an adjacent .27-acre parcel located at the corner of Live Oak Ave. and Segrave St. Both properties benefit from recent leases with PadSplit - the largest coliving marketplace in the US. PadSplit provides accessible and affordable housing solutions to hardworking individuals who form the backbone of society: teachers, traveling nurses, and other frontline workers.
