Dan DeMott

Home Source, Inc
561-329-4972

5-unit multifamily assemblage situated on .61 Acre site with Multifamily – 20 Zoning. Parcel 1 includes a 2 Bedroom, 2 Bath single family house, PLUS a separate duplex featuring two 1 Bed / 1 Bath units. Parcel 2 Features a duplex with a 1 Bed/1 Bath and 2 Bed/2 Bath Unit. 5 Electric meters, and 2 water.Unit interiors have been freshly renovated and property is 100% occupied. Current rent roll of $5,650 per month. 7% cap-rate in-place.Multiple new-construction apartments in vicinity with height and density variances. Excellent opportunity to develop this site for greater density multifamily. Property is comprised of 2 separate parcel IDs, must be purchased together, but possible to finance with residential financing. Contact Listing Agent for pro-forma and support