BUILDING SIZE: 170,746 SQFT
YEAR BUILT: 1970
UNITS: 192 (110-1/1, 72-2/1, 10-2/2)
PROPERTY FEATURES: Beautiful rental property, garden style
with 70% of units remodeled, good
tenant base, 2 miles from downtown
WPB, between lake and intracoastal,
has pool and tennis courts.
PRICE/UNIT: $72
PRICE/SQFT: $64,845
YEARLY GROSS INCOME: $1,625,000
EXPENSES: $750,000
NOI: $875,000
ASKING PRICE: $12,450,000
CAP RATE: 7.0%
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