23 Units
4 buildings
2 stories
Built in 1981
Contact Agents
Property Documents
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Ray Turchi
Senior Managing Director Investments
[email protected]
Senior Managing Director Investments
[email protected]
(407) 557-3847 (office)
(321) 297-6576 (mobile)
Investment Highlights
- Bulk Offering of 23 out of 138 Condominium Units
- 100 Percent Occupied with High Historical Levels
- Ability to Raise Effective Rent $100 per Unit per Month
- Concrete Block Construction Throughout
- Opportunity to Conitnue Renovations and Capitalize on Significant Rental Upside
- Well-Situated Within Just Minutes of Downtown Stuart
Key Metrics
Cap Rate Current Year:
6.50%
Cap Rate Year 1:
7.01%
GRM:
6.44
GRM Year 1:
5.69
Leveraged Cash-on-Cash Return Current Year:
9.27%
Leveraged Cash-on-Cash Return Year 1:
10.74%
DSCR (Current)
2.00
DSCR (Year 1)
2.16
Listing Agents:
Ray Turchi
Ray Turchi
(407) 557-3847