Building Description
Executive Summary
High-Yield PadSplit Portfolio 4 Homes 31 Rooms 94-100% Occupancy
Co-Living style PadSplit portfolio consisting of four stabilized single-family assets totaling 31 income-producing rooms, offered as a single package. All properties are fully operational and 100% occupied, delivering immediate, predictable cash flow from day one.
The portfolio is rented to and operated through a major national room-rental platform with verifiable dashboard history, documented performance metrics, and established operating systems, significantly reducing execution risk. This is a proven model—not a startup—allowing a buyer to step into a stabilized income stream with management infrastructure already in place.
The asset mix includes three properties in Port St. Lucie and one in Riviera Beach, providing dual-market exposure across two high-demand South Florida rental markets while maintaining operational efficiency through a single platform.
This offering is well-suited for investors targeting strong cap rates, scalable room-rental income, and downside protection through diversified unit counts.
Approved Uses by Zoning — Multifamily Dwelling (RM-15)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Multifamily dwelling units (Sec. 31-197(a)(2)), Single-family dwellings and their customary accessory uses (as permitted in RS-8, Sec. 31-157(a)(1)), Parks, playgrounds and recreation facilities under the supervision of the city (RS-8), Libraries, community centers; buildings or land used exclusively by the federal, state, county or city governments for public purposes (RS-8), Home occupations (RS-8)
With special approval
Residential planned unit developments (R-PUD), Day care centers, Mobile home parks, Boardinghouses or lodging houses, Guest houses or tourist homes, Churches and their educational buildings
Read the full RM-15 zoning guide ›