Portfolio Palm Coast, FL
Investment Highlights
Palm Coast FL 85 condo units (bulk sale 85 individually deeded condo units) gated building with pool, spa, fitness center, clubhouse single portfolio. 82ksqFt built (966sqFt avg unit) 14 one bed + 71 two bed 77/85 occupied. The vacant units are all 2br2bath. Most of the units are in great condition. $1.33m RR / 553k expense- $772k NOI in place with 18% of tenants on section8 normal sale owner asking $14m (164k ppd / 5.5% cap in place) with upside in lease up & retail exit optionality on individual sales. Seller motivated
Location
📍 Palm Coast, FL
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