40 Unit Multifamily East Atlantic Beach
Investment Highlights
East Atlantic Beach 30ksqFt fully gut renovated turn key fully vacant 40 unit 2br apartments adjacent to the water. New sprinkler system new fascade new floors windows fully vacant (owner just started & 8 leases already signed) and 100% free market. Financing in place / lender can close in 2 weeks - for $12m at 8% interest. normal sale price reduced owner asking $17.95m (recently appraised at $24m) (9% project pro forma on full occupancy)
Location
📍 East Atlantic Beach
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