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85-89 NW Irwin Ave 11 Unit Apartment Building $2,072,368 CAD ($188,397 CAD/Unit) 9.24% Cap Rate West Melbourne, FL 32904



FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,072,368 CAD | Building Class | C |
| Price Per Unit | $188,397 CAD | Lot Size | 0.58 AC |
| Sale Type | Investment | Building Size | 7,728 SF |
| Cap Rate | 9.24% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.6 | No. Stories | 2 |
| No. Units | 11 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 2.59/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R2 - Residential | ||
| Price | $2,072,368 CAD |
| Price Per Unit | $188,397 CAD |
| Sale Type | Investment |
| Cap Rate | 9.24% |
| Gross Rent Multiplier | 9.6 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 7,728 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.59/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $2,005 CAD | 750 |
| 2+1 | 2 | $2,281 CAD | 1,100 |
| 3+2 | 1 | $2,834 CAD | 1,300 |
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PROPERTY TAXES
| Parcel Number | 28-37-05-02-0000C.0-0006.00 | Total Assessment | $1,402,058 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
28-37-05-02-0000C.0-0006.00
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$1,402,058 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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85-89 NW Irwin Ave
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