Multifamily
Dolphin Apartments
619 Peachtree St, Cocoa, FL 32922
Listing Price: $1,300,000
Cap Rate
5.56%
Number of Units
15
Price/Unit
$86,667
Price/Gross SF
$163.21
Gross SF
7,965
Investment Overview
Situated less than 6 miles from SpaceX’s Rocket & Assembly Site and 13 miles from the Launch & Landing Control Center
Dolphin Apartments
Investment Highlights
- A 15-unit community consisting of one 13-unit apartment building and two single family homes in Cocoa, FL
- Ability to achieve a more than 7% cap rate by implementing strategic renovations and removal of loss-to-lease
- Opportunity to increase NOI 70% within 24 months
- Located just minutes from the Indian River and 10 miles from Cocoa Beach and the Atlantic Ocean
- Less than a mile from SR 520, a major thoroughfare that connects to I-95
- Brevard County is Florida's fastest growing tech sector and second in the US according to the Capitolist
- Brevard County has experienced a double-digit growth rate over the last 10 years
- Located in Florida's "Space Coast"; home of NASA, SpaceX and Blue Origin
Listing Price: $1,300,000
Cap Rate
5.56%
Number of Units
15
Price/Unit
$86,667
Price/Gross SF
$163.21
Gross SF
7,965
Investment Highlights
- A 15-unit community consisting of one 13-unit apartment building and two single family homes in Cocoa, FL
- Ability to achieve a more than 7% cap rate by implementing strategic renovations and removal of loss-to-lease
- Opportunity to increase NOI 70% within 24 months
- Located just minutes from the Indian River and 10 miles from Cocoa Beach and the Atlantic Ocean
- Less than a mile from SR 520, a major thoroughfare that connects to I-95
- Brevard County is Florida's fastest growing tech sector and second in the US according to the Capitolist
- Brevard County has experienced a double-digit growth rate over the last 10 years
- Located in Florida's "Space Coast"; home of NASA, SpaceX and Blue Origin
Investment Overview
Situated less than 6 miles from SpaceX’s Rocket & Assembly Site and 13 miles from the Launch & Landing Control Center
