3034 LIPSCOMB ST Melbourne FL 32901-7955

OFFERING MEMORANDUN AND FINANCIALS ARE LOCATED UNDER THE DUE DILIGENCE TAB.

Please reach out to Jason Hague ([email protected]) to discuss the deal.

• 14-unit project-based Section 8 multifamily community

• Active HAP contract with approximately 15 years remaining

• Seller recently completed and was approved by HUD for an OCAF rent adjustment which increased rents by $200 as of October 1, 2022

• Situated less than one mile from US Highway 1 which sees 34,500 cars daily

• Located 1.2 miles from Florida Institute of Technology

• Well located in a rapidly growing submarket within Florida’s Space Coast; home of SpaceX, Blue Origin and NASA’s Kennedy Space Center

• On-Site Laundry Facility

• Concrete Block Construction