All Forum Posts by: Pat C.

@Rickey Rodriguez where should I send additional details?

I am pleased to present an exceptional investment opportunity of a fully leased 9 plex located in the sought out area of North River Shores in Stuart. The property consists of four separate buildings totaling 8,903 sf.

The property has been well maintained and with its steady tenancy it brings in a net operating income of $79,492.00

Units vary from 1 bed / 1 bath units up to a 3 bed / 3 bath unit. Located in a quiet neighbor hood and easily accessible from a signalized intersection on US-1.

Located in a very desirable location as it is in close proximity to Downtown Stuart, the Treasure Coast Mall, as well as the recreational parks and beaches.

The City of Stuart sits along Florida’s Treasure Coast as part of the Port St. Lucie MSA. The area features economy driven by the retail service, hospitality, construction and government sectors. Stuart provides quick access to nearby metropolitan centers Fort Pierce and West Palm Beach via US-1.

NOI: $35,790

Fully leased triplex building in the sought out Golden Gate community of Stuart.

Each unit has been remodeled with fresh paint, new flooring, fixtures, and brand new appliances.

Easy to manage property with consistent tenancy.

Located on the corner of SE Ferndale Ave. and SE Jefferson Street.

Close proximity to US-1, minutes away from parks, marinas, and National businesses such as Walmart, Chili’s, Aldi, and many others.

A monumental development opportunity of a lifetime! The Micco

Park Village District Project consists of a total of 1,035 acres of

land just east of I-95, 2.5 miles West of the Intercoastal Waterway

and at the Southeast boundary of the City of Palm Bay, Florida.

The parcels include three (3) land owners that can be

consolidated for single sale. Currently 760 acres is vacant

pasture land and 275 acres is an active tree farm. Property

contains little to no wetlands and is free of environmental issues.

The Comprehensive Plan Amendment and DCA Approval are

based on the Micco Park Village District which will consist of a

Town Center and Micco Park South, which will contain 2,691

dwelling units and 234,000 sf of non-residential development.

In addition there will be a parkway construction moving forward in

phases for an East/West Connector Road known as the St. Johns

Heritage Parkway and an Interchange at I-95.

The Micco Park Village District provides a balanced approach to

growth management; ample open space with compact urban

development, adequate public facilities for residents provided

onsite and sufficient commercial, employment and civic uses for

the resident population.

Exceptional investment opportunity!! Well maintained fully leased triplex property in the sought out Jupiter area. All units have tile throughout, a newer roof, and a newer central A/C unit for each one. Each unit measures about 900 sf under air and features outdoor space, ample parking, CBS construction, a room for coin operated washer and dryer, and separate electric meters per unit. Property is in close proximity to I-95 and a short distance away from Indiantown Road which has a wide variety of retailers and National tenants.

I like the Heloc better because you only pay interest when you use the line of credit and most Heloc’s have an interest only component if you decide to do a short term or medium  term flip. When you cash out refi, you start paying interest immediately. Downside to Heloc is rates can increase when not used. I think that is minor though. If a deal doesn’t make sense because of 1or 2% gain in debt service, you shouldn’t do the deal. 

great answer @Michael Le

Hi Jon,

It’s 516 S 5th St, Fort Pierce, FL 34950

8 unit for sale $459,000.00

new roof

NOI $47,050

CAP 10.23%

This is a well maintained two-story efficiency apartment building, built in 1925; it has beautiful wood floors, "vintage" bath tubs, Murphy Beds and upgraded

electric and plumbing. Owner plans to replace roof by 2018. Additional features include a car port, enclosed front porch, and a fireplace. It has 10.23% CAP

RATE and it is a zoned commercial area potential for future conversion to commercial use such as offices. Located just 1 block from US #1.

please let me know if you would like more details or take a look at the Offering Memo.

-Patrick