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Portfolio includes 13 apartments/duplexes: 201 Pierce Ave, 203 Pierce Ave, 205 Pierce Ave, 7108 Poinsetta Ave, 7110 Poinsetta Ave A, 7110 Poinsetta Ave B (Vacant), 7110 Poinsetta Ave C, 200 Buchanan Ave, 204 Buchanan Ave, 7104 Poinsetta Ave A, 7104 Poinsetta Ave B, 208 Buchanan Ave, 212 Buchanan Ave. Gross Income $177,600.00 Market Rate Proforma Gross Income $228,200.00. Opportunity to purchase 13 unit property, only 1 vacant unit, in Cape Canaveral for immediate cashflow. Units are currently rented below market rates for the area. Close to beaches. Area is short term rental friendly.
Features
Age: Over 50 Years Old
Architecture Style: Other
Building Units: 3
Cooling System: Window Unit(s)
Cooling System: Multi Units
Cooling System: Electric
Cooling System: Varies by Unit
Cooling System: Central Air
Cooling System: Wall/Window Unit(s)
Exterior Type: Stucco
Exterior Type: Frame
Exterior Type: Block
Exterior Type: Concrete
Heating System: Electric (Heating)
Heating System: Central
Heating System: Varies by Unit (Heating)
Legal Description: AVON BY THE SEA LOTS 1,2 BLK 62
AVON BY THE SEA LOTS 9,10 BLK 62
AVON BY THE SEA LOTS 11,12 BLK 62