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APARTMENT COMPLEX
APARTMENTS100 UNIT APARTMENT COMPLEX FLDevelopment Lands Florida
Development Lands FloridaFlorida apartment site
Apartment Site FloridaOceanfront Development
30 Unit Oceanfront Development|
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| 100 UNIT APARTMENT COMPLEX, $5,500,000 COCOA, FLORIDA CAP RATE - 7.842% |
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| EXCELLENT CONDO CONVERSION CANDIDATE |
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| 100 unit apartment complex in sunny Cocoa, Florida $5.5M Built in 1983 12 two story buildings- 1 One story building- 1 One story office building Pitched roofs- Concrete block stucco construction Occupancy Rate 95% 92- 2 BR/2BA (715 sq. ft.)--- eight 3 BR/2BA (825 sq. ft.) 8.89 Acres GLA- Total sq. ft.- 72, 380 sq. ft. Swimming Pool- Tennis Court- Playground- Laundry Central Heat and A/C- Electric Ranges- Refrigerators- Dishwashers- Cable TV- Access Storage Facilities Electric and HVAC paid by tenant 70% Hud Subsidized until 2010 renewable Actual Total Income- $727,441.00/year NOI- $431,337.00 with Managemnent and 4% reserve Cap Rate- 7.842% Rent Increases Applied For--- GRM- 8.2 Buyer must be approved by HUD MLS # 428250 |
| Ormond Beach | Florida | 32174 |
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