DRASTIC REDUCTION!100 UNIT APARTMENTS COCOA, FLORIDA $4,500,000· Built in 1983· 12 Two Story Buildings-1 One Story Building-1 One Story Office Building- Occupancy Rate- 98pct· Pitched Roofs-Concrete Block Stucco Construction · 92- 2BR/2BA (715 Sq. Ft.) · 8- 3BR/2BA (825 Sq. Ft.)· 8.89 Acres· GLA -Total Sq. Ft.- 72, 380· Swimming Pool-Tennis Court-Playground-Laundry· Central Heat and A/C-Electric Ranges-Refrigerator-Dishwasher-Cable TV Access-Storage Facilities· Electric and HVAC Paid by Tenant· 70pct HUD Subsidized Renewed in 2010· ACTUAL- Gross Income- $758,469.00/Year· NOI-$358,361.00· Cap Rate- 7.9 pct HUD pays 6.4% of EGI of $717,551 managment fee CITY OF COCOA RATED A inspection report This publication is NOT an offer to sell by Owner, and no contract of sale is intended or will be made unless and until an offer submitted by a prospective purchaser is accepted by Owner in writing. The information contained herein has been obtained by sources described to be credible and may change without notice. No representation or warranties are made by the Seller or Richard Stanley Cagan, Licensed Real Estate Broker, with respect to the sources of this information contained herein. Prospective purchasers are advised to consult an attorney and to conduct their own investigation as to the use and suitability of this property. They are also advised to obtain a title report on the property.
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