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Multifamily

Bottlebrush & Palm Point

1600 Bottlebrush Dr, Palm Bay, FL 32905

Listing Price: Request For Offer

Number of Units
97
Gross SF
53,280

Investment Overview

A 97-unit, contiguous two-property portfolio located in Palm Bay, FL

Investment Highlights

  • "B" Class assets with substantial defendable upside potential
  • Property currently has 14 down units; once the down units are brought back on-line, rented, and the capital improvement plan has been implemented, a new buyer could realize over a 92% increase in EGI
  • Estimating a 20+% leveraged 10-year IRR at our target price
  • Situated just three miles from the Florida Institute of Technology
  • Centrally located within the city of Melbourne
  • Situated less than seven miles from Melbourne Square Mall, Holmes Regional Medical Center, Kindred Hospital Melbourne, Florida Institute of Technology, multiple retail centers, Melbourne/Orlando International Airport, Melbourne High School and Downtown Melbourne
  • Located in Brevard County, Home to SpaceX, Blue Origin and NASA's Kennedy Space Center

Exclusively Listed By

Multifamily

Bottlebrush & Palm Point

Listing Price: Request For Offer

Number of Units
97
Gross SF
53,280

Investment Highlights

  • "B" Class assets with substantial defendable upside potential
  • Property currently has 14 down units; once the down units are brought back on-line, rented, and the capital improvement plan has been implemented, a new buyer could realize over a 92% increase in EGI
  • Estimating a 20+% leveraged 10-year IRR at our target price
  • Situated just three miles from the Florida Institute of Technology
  • Centrally located within the city of Melbourne
  • Situated less than seven miles from Melbourne Square Mall, Holmes Regional Medical Center, Kindred Hospital Melbourne, Florida Institute of Technology, multiple retail centers, Melbourne/Orlando International Airport, Melbourne High School and Downtown Melbourne
  • Located in Brevard County, Home to SpaceX, Blue Origin and NASA's Kennedy Space Center

Investment Overview

A 97-unit, contiguous two-property portfolio located in Palm Bay, FL

Exclusively Listed By

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