| Melbourne, FL
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- LoopNet Team
Portfolio For Sale
Melbourne, FL
Multifamily Property For Sale
·
39 Units
INVESTMENT HIGHLIGHTS
- Class-A, 277-Bed Student Housing Portfolio located in Melbourne, FL
- High Barriers To Entry Market, where all other Student Housing Is University Owned
- Servicing Florida Institute of Technology, a Private, Fully-Accredited, Institution Focusing on Higher Learning STEM and Research
- Directly Adjacent to Florida Institute of Technology, The Only Private Tech College in the Southeast United States
- Based on Market Comparables, University & Melbourne Commons offers Investors the ability to increase rental rates by $87/Bed/Month on new leases
- Many Students Obtain Local Jobs and Summer Internships with Major Employers such as Northrop Grumman, L3 Harris Technologies, SpaceX, and NASA
PROPERTY FACTS
| No. Units | 39 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 3 |
| Apartment Style | Garden | APN / Parcel ID | 28-37-10-00-00501.0-0000.00 |
| Zoning | CP | ||
| No. Units | 39 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Average Occupancy | 97% |
| No. Stories | 3 |
| APN / Parcel ID | 28-37-10-00-00501.0-0000.00 |
| Zoning | CP |
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