Rockledge Condo Portfolio

Rockledge Condo Portfolio

8 bed 6 bath 4800 sq ft Built in 1985 Condominium
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60
Occupancy Status
Low High
11 /20
Level of Rehab
Heavy Light
11/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
13/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located in the ever-growing city of Rockledge is this one-of-a-kind package deal. It is conveniently located right off US Hwy-1, which can take you anywhere along the east coast of Florida. This is a prime location to house good, long-term tenants that can call this place home as this community is nearby multiple Supermarkets, Hospitals, Restaurants, and the ever-so-famous, Cocoa Beach.

This condo package deal consists of four-separately parceled condos in the same building. All condos are practically identical featuring Two bedrooms, One bathroom, and 1,200 square feet of living space. Each condo is tenant occupied with subtle differences in terms; there are (3)- Month to month tenants (2 pay $800/mo, 1 pays $850/mo) and (1)- Yearly lease tenants paying $1,000/mo. With market rent being around $1,500/mo, we strongly recommend doing minimal updates throughout and increasing rents to maximize your returns. 

This is a unique opportunity to own an entire building and collect significant cash flow for years to come. Be sure to contact your EquityPro Advisor today to learn more about this investment opportunity. 

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We recommend rent
Rental Income
$6,000 mo. / $72,000 yr.
Estimated Taxes
$4,400 / yr.
Maintenance
$300 / yr.
HOA Dues
$13,680 / yr.
$43,920
Projected Income
7.18%
Estimated APY
$1,900
Projected Income
0.28%
Estimated ROI

Comps

 
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