Multifamily
Washington Street Apartments
2123 Washington St NE, Palm Bay, FL 32905
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to offer qualified investors, Washington Street Apartments - a 11-unit Multifamily Asset located in Palm Bay, Florida. Surrounded by a Major Airport in Central Florida, a top 10 Public University in Florida, and 2 Fortune 500 Companies, Washington Street Apartments is located in the epicenter of the major growth that the Palm Bay/Melbourne MSA has seen in recent years.
Washington Street Apartments
Investment Highlights
- 11-Unit Multifamily Property Consisting Of Studios to 3-Bedroom Units.
- All Units Have Been Updated Since 2019 with PVC Flooring and a New Metal Roof on all Buildings in October 2019.
- Coin-Operated Laundry On-Site Provides Investors Additional Income on top of Flat Rental Rates.
- Investors have the Opportunity to Capitalize on Utility Reimbursements for the 2 Remaining Buildings (1 Building Already has Tenants Responsible for All Utilities).
- Ownership Has Been Slightly Below-Market Rents where an Investor could come in and increase Rents by over 10% in Year 1 through an Interior Renovation Plan.
- The Palm Bay/Melbourne Area is home to a Top 10 University in Florida, Florida's Best Ranked Airport, and 2 Forbes' "Fortune 500 Companies".
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- 11-Unit Multifamily Property Consisting Of Studios to 3-Bedroom Units.
- All Units Have Been Updated Since 2019 with PVC Flooring and a New Metal Roof on all Buildings in October 2019.
- Coin-Operated Laundry On-Site Provides Investors Additional Income on top of Flat Rental Rates.
- Investors have the Opportunity to Capitalize on Utility Reimbursements for the 2 Remaining Buildings (1 Building Already has Tenants Responsible for All Utilities).
- Ownership Has Been Slightly Below-Market Rents where an Investor could come in and increase Rents by over 10% in Year 1 through an Interior Renovation Plan.
- The Palm Bay/Melbourne Area is home to a Top 10 University in Florida, Florida's Best Ranked Airport, and 2 Forbes' "Fortune 500 Companies".
Investment Overview
Marcus & Millichap is pleased to offer qualified investors, Washington Street Apartments - a 11-unit Multifamily Asset located in Palm Bay, Florida. Surrounded by a Major Airport in Central Florida, a top 10 Public University in Florida, and 2 Fortune 500 Companies, Washington Street Apartments is located in the epicenter of the major growth that the Palm Bay/Melbourne MSA has seen in recent years.
Exclusively Listed By
Financing By
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