*DO NOT DISTURB TENANTS!!!!* Your welcomed to drive by, but do not disturb or talk to any tenants!
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!
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!