Coral Gables @ Belleview

Takeover Cap Rate: 5.8%

Projected Cash on Cash Return: 10.4%

Coral Gables at Belleview features 24 turn-key, individually
deeded condo units on 2 acres with development potential of
3 additional contiguous acres for a total of 5 acres.

All 4 buildings are concrete block / stucco construction with shingle
roofs. All townhome-style units share the same floorplan with
2 bedrooms, 2.5 bathrooms and a second floor bonus room.
Tenants pay all utilities. Units feature washer / dryer
hookups, most have stainless steel appliances, LVP flooring
downstairs, ceramic tile in wet areas and carpet in the
bedrooms. Amenities include a dog park, and a gazebo with
a grill and playground.