Brevard County SFR Portfolio - FL
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Brevard County SFR Portfolio - FL
11 Multifamily Properties Offered at $2,365,000 in Multiple Locations
Investment Highlights
- 100% Occupied With a Great History of Occupancy
- Below Market Rents With Opportunity to Increase Net Operating Income Through an Organic Rental Increase
- Built-In Equity as These Homes Are Being Offered at $215,000/Home With Multiple Homes Valued Around $300,000
- Attractive Financing Available
- All Homes Are Located in Great Locations Just Off of I-95 Near Major Employers, Hospitals, Schools, Grocers, Intersections
- Over $200,000 in Recent Capital Expenditures Through Replacement of Various HVAC's, Roofs, Appliances, and Cosmetic Updates
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale an 11-Home Single-Family Rental Portfolio Located in Various City's of Brevard County, Florida. This Deal is Currently 100% Occupied With Strong a History of Occupancy, Below Market Rents and an Opportunity to Increase Net Operating Income Through an Organic Rental Increase, Providing For a Secured Investment.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BOR: Andrew Ackerman Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BOR: Andrew Ackerman Lic. FL #BK3369953
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
$241,104
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$241,104
|
| Taxes |
$32,086
|
| Operating Expenses |
$37,429
|
| Total Expenses |
$69,515
|
| Net Operating Income |
$171,589
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $241,104 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $241,104 |
| Taxes | |
|---|---|
| Annual | $32,086 |
| Operating Expenses | |
|---|---|
| Annual | $37,429 |
| Total Expenses | |
|---|---|
| Annual | $69,515 |
| Net Operating Income | |
|---|---|
| Annual | $171,589 |
Property Facts
| Price | $2,365,000 | Status | Active |
| Price / SF | $165.17 / SF | Number of Properties | 11 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.26% | Total Building Size | 14,319 SF |
| Sale Type | Investment | Total Land Area | 1.77 AC |
| Price | $2,365,000 |
| Price / SF | $165.17 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 7.26% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 11 |
| Individually For Sale | 0 |
| Total Building Size | 14,319 SF |
| Total Land Area | 1.77 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1405 Milton St, Titusville, FL 32780 | Multifamily | 1,225 SF | 2000 | - |
| 1409 College Ave, Cocoa, FL 32922 | Multifamily | 1,542 SF | 2000 | - |
| 1973 Otterbein Ave, Cocoa, FL 32926 | Multifamily | 1,209 SF | 2000 | - |
| 880 Gillmar Ave NW, Palm Bay, FL 32907 | Multifamily | 1,381 SF | 2000 | - |
| 1044 W Highland Dr, Cocoa, FL 32922 | Multifamily | 970 SF | 2000 | - |
| 4091 Holder Park Dr, Mims, FL 32754 | Multifamily | 1,117 SF | 2000 | - |
| 2170 Emerald Ct, Merritt Island, FL 32953 | Multifamily | 1,242 SF | 2000 | - |
| 1525 Cambridge Dr, Cocoa, FL 32922 | Multifamily | 1,092 SF | 2000 | - |
| 955 N Carpenter Rd, Titusville, FL 32796 | Multifamily | 886 SF | 2000 | - |
| 1201 Columbia Way, Cocoa, FL 32922 | Multifamily | 1,507 SF | 2000 | - |
| 710 La Veta Dr, Melbourne, FL 32904 | Multifamily | 2,148 SF | 2000 | - |
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