The property consists of 8 buildings, all contiguous to each other comprising nearly an entire city block on one side in St. Petersburg, Florida. The main building with a small rental office, houses 7 units. Directly behind this building is a large maintenance office and coin laundry facility. The other 7 buildings each hold 4 units. All buildings are entirely concrete block construction. Most units' rents include electricity. The other two buildings could easily be sub-metered which the pro-forma budget notes. The current and proforma income and expense results in a cap rate of 5.78% to 6.60%.