Multifamily
Jasmine Cove
825 E University Blvd, Melbourne, FL 32901
Listing Price: $5,750,000
Cap Rate
6.61%
GRM
8.53
Investment Overview
42 Unit, townhome property located in Melbourne, FL (Space Coast)
Jasmine Cove
Investment Highlights
- 42 Unit, townhome property located in Melbourne, FL (Space Coast)
- Renovations: The property has undergone significant upgrades including but not limited to 60% of the units having been fully renovated, 60% of the units having been completely repiped, all electrical
- Unit Mix: Attractive unit mix of all two-bedroom townhome units with 900 square feet
- Proven Upside: Renovated units at Jasmine are commanding a $150 unit premium with a defendable pathway to an additional $145 increase within the next two years
- Property Location: Jasmine is situated just minutes from multiple primary, secondary, and higher education schools including the Florida Institute of Technology which is just one mile away
- Entertainment and Employment: Jasmine is located within a short drive to multiple malls, shopping centers, hospitals, golf courses and Melbourne Orlando International Airport
- Explosive Growth: Brevard County has the highest growth rate amongst 100 midsized communities across the country measured by GDP (Kenan Institute of Private Enterprise)
- Diverse Job Sectors: Brevard County has significant job diversification across multiple sectors, insulating the economy from any downturn of a particular sector
Exclusively Listed By
Financing By
Investment Highlights
- 42 Unit, townhome property located in Melbourne, FL (Space Coast)
- Renovations: The property has undergone significant upgrades including but not limited to 60% of the units having been fully renovated, 60% of the units having been completely repiped, all electrical
- Unit Mix: Attractive unit mix of all two-bedroom townhome units with 900 square feet
- Proven Upside: Renovated units at Jasmine are commanding a $150 unit premium with a defendable pathway to an additional $145 increase within the next two years
- Property Location: Jasmine is situated just minutes from multiple primary, secondary, and higher education schools including the Florida Institute of Technology which is just one mile away
- Entertainment and Employment: Jasmine is located within a short drive to multiple malls, shopping centers, hospitals, golf courses and Melbourne Orlando International Airport
- Explosive Growth: Brevard County has the highest growth rate amongst 100 midsized communities across the country measured by GDP (Kenan Institute of Private Enterprise)
- Diverse Job Sectors: Brevard County has significant job diversification across multiple sectors, insulating the economy from any downturn of a particular sector
Investment Overview
42 Unit, townhome property located in Melbourne, FL (Space Coast)
Exclusively Listed By
Financing By
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