271 units palm bay Florida built in 1985 in the right in the “space coast / aerospace & defense corridor” (10k+ employees within 12 minute drive) mostly 1br units 600sqFt each. 131 units can be upgraded with $160 premiums in rent collection (upside) with new roof painting & boilers. Normal sale owner asking $34.5m / 129k PpD / 6.25% cap with upside negotiable
📍 Off-market — general area withheld
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