*DO NOT DISTURB TENANTS!!!!* Your welcomed to drive by, but do not disturb or talk to any tenants!
*MAJOR PRICE REDUCTION* -
AMAZING OPPROTUNITY! Don't miss out on acquiring a VERY RARE! 42 Unit Complex in the rapidly growing Melbourne/Palm Bay Florida! IDEALLY LOCATED! Walking distance from FIT! Less than 10 minutes away from MAJOR retailers/convenience stores and employers such as Home Depot, Lowes, Walmart, Target, Dillard's, Barnes N Noble, La Fitness, Crunch, Chase Bank and many more! Less than 10 minutes away from downtown Melbourne and the Melbourne Square Mall!
NEARLY $1,000,000.00 IN CAPEX SPENT!! Which includes but not limited to, Many New Breaker panels, Many New Water Heaters, many new HVAC Systems, Exterior Repaint, New Windows and Doors, Vinyl/Laminated/Tile floorings, Many Bathroom Remodels, Many Kitchen Remodels, And plumbing work!
CONCRETE/MASONERY CONSTRUCTION. Making the buildings extremely durable and resistance to Hurricane wind damage and tenant damage! With minimum trees making the property ideal for easy Maintenace! *CONCRETE ROOF*
Current owner has been rented the units out for $1,300 a door but has achieved $1,350-$1,400 in rents, which is one of the most affordable rents in the immediate proximity of the property and zip code. Section 8 has approved $1,400 in Rent increase! Property has separate electric/gas meters! With two Master meter for water.!!
**NO SELLER FINANCE OR CREATIVE FINANCE** ONLY Serious offers from serious buyer! Don't miss the opportunity to acquire a 42-unit cash cow asset!