100-210 E University Blvd | Melbourne, FL 32901
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- LoopNet Team
100-210 E University Blvd
Melbourne, FL 32901
Topaz Village Apartments and Townhomes · Multifamily Property For Sale · 229 Units
Investment Highlights
- Current Ownership has Spent Nearly $4.2MM in Capital Expenditures Limiting the Need for Future Expenditures from New Ownership
- Washer/Dryer Connections in 8 Units & Achieving $40/Month Premium. Ability to Retrofit Remaining 221 Units w/ Connections/ Appliances for Add'l Upside
- Diverse Mix of One, Two and Three-Bedroom Units Featuring Modern, Functional Floorplan Layouts
- Ability to Upgrade Classic (62), Partially Upgraded (17) Units and Further Enhance Fully Upgraded Units to Obtain Additional Rent Premiums
- The Property is Currently $363 per Unit Below the Leading Market Comp Signaling the Ability to Increase Rents
- Offered Free and Clear of Debt Encumbrances
PROPERTY FACTS
| No. Units | 229 | Lot Size | 11.88 AC |
| Property Type | Multifamily | Building Size | 199,280 SF |
| Property Subtype | Apartment | Average Occupancy | 89% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built | 1976 |
| No. Units | 229 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 11.88 AC |
| Building Size | 199,280 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1976 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Gated
- Maintenance on site
- Online Services
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 127 | - | 513 - 600 |
| 2+1 | 19 | - | 700 - 736 |
| 2+1.5 | 78 | - | 1,000 |
| 3+1 | 5 | - | 736 |
PROPERTY TAXES
| Parcel Number | 28-37-10-00-00259.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $14,344,519 |
PROPERTY TAXES
Parcel Number
28-37-10-00-00259.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$14,344,519
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