Listed by Kovac Real Estate
$799,000
Three Parcels - 106, 108 & 110 Barton Avenue
Details
APN 25-36-04-78-00003.0-0014.00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,000
Units 6
Cap Rate 8.00%
NOI $75,040
Occupancy 100%
Tenancy Multi
Class B
Year Built 1950
Buildings 3
Stories 1
Acreage 0.510
Parking Spaces 11 spaces
Parking Per SqFt 2.20
Investment Type Stabilized
Ownership Sole Proprietor
106, 108 & 110 Barton Avenue, Rockledge, FL 32955
Marketing description
Three adjoining duplex properties in central Rockledge offered as one package sale. 106, 108 & 110 Barton Ave. Each duplex includes a mix of 2-bedroom, 1-bath units and 1-bedroom, 1-bath units. All units have remained consistently rented for the past 10 years, producing strong cash flow with low tenant turnover. The properties are conveniently located near shopping, major roadways, and transportation routes, with ample parking and walking distance to the Indian River. Each lot is separately platted, offering added financing flexibility and long-term value. All three properties are being sold together only and will not be sold separately. Annual Gross rents combined are $75,040.00
Investment highlights
- Three adjoining duplex properties offered as one package sale
- Each duplex includes a mix of 2-bedroom, 1-bath units and 1-bedroom, 1-bath units
- All units have remained consistently rented for the past 10 years
- Strong cash flow with low tenant turnover
- Conveniently located near shopping, major roadways, and transportation routes
- Ample parking and walking distance to the Indian River
- Each lot is separately platted, offering added financing flexibility and long-term value
- Annual Gross rents combined are $75,040.00
Listing Contacts
Listed by Kovac Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,040.00
$6,253.33/mo
Valuation Metrics
0
DSCR
9.39%
Cap Rate
9.39%
ROI
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