Investment Overview
Meticulously maintained mixed-use building featuring five apartments and two retail spaces. With annual income of gross income of $122,552, blending both residential and commercial income, gross and NNN, this property offers a diverse and stable revenue stream. The building has undergone extensive recent renovations, including a roof replacement, fresh paint, new impact-rated windows, a new front patio, landscaping improvements, parking lot replacement, and new air conditioning units. These comprehensive upgrades position the property for long-term, profitable holding with minimal near-term capital expenditures.
Investment Highlights
- The 32901 ZIP code is the premier business hub of the Space Coast, home to key organizations driving economic growth. These include Orlando Melbourne International Airport, L3 Harris, Northrup Grumman, Florida Institute of Technology, Health First, Kindred Hospital, and the Melbourne Regional Chamber of Florida's Space Coast.