Listed by JRE Brokerage
$1,675,000
Monet I, II, & III: Value-Add Portfolio near Florida Blvd
Details
Property Type Multifamily
Sub Type Apartment Building
Units 62
Pro-Forma Cap Rate 11.11%
Pro-Forma NOI $186,035
Buildings 3
Stories 2
Zoning A4 – General Multi Family Residential
Multifamily | 62 Units | $27,016/unit
Marketing description
This multifamily portfolio includes three adjacent complexes:
Monet I (770 Monet Dr)
Monet II (844–846 Monet Dr)
Monet III (888 Monet Dr)
The properties are located 0.4 mile off Florida Boulevard at Bon Carré.
The portfolio totals 62 units across three buildings.
Monet I is 47% occupied (9 of 19 units). Monet II is 52% occupied (12 of 23 units). Monet III is comprised of 20 vacant units.
Each complex includes a dedicated parking lot and offers significant upside through lease-up and renovation strategies.
Available as a combined portfolio or for individual acquisition.
Offering Memorandum https://buildout.com/sharing/monet-apartments-portfolio?file=4049484
Listing Contacts
Listed by JRE Brokerage
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