The Garden Del Rey Apartments present a 12-unit apartment building that is 100% leased. The site benefits from high exposure in an incredible infill location across from the famous Busch Gardens theme park. The unit mix consists of 11 one-bedroom/ one-bathroom and one studio unit. The building is two stories and is constructed of concrete blocks. The Garden Del Rey Apartments building features a brand-new laundry facility with coin-operated machines, billboard signage, a new roof (permitted in 2025), updated windows, and more. The site is professionally managed for a hands-off ownership experience.
Cost analysis performed as rental property
In:
Rent - $189,960.00
Out:
(Annual) Property Taxes - $11,848.00
(Annual) Estimated Insurance - $8,986.20 (Annual) Property Management (Optional) - $13,297.20
(Annual) Estimated Utilities/Lawn/Repair/Misc. - $7,440.00
Total Costs - $41,571.40
Net - $148,388.60
Earn:
Total yearly net equates to - $148,388.60
Total monthly gross equates to - $15,830.00
TOTAL MONTHLY NET EQUATES TO - $12,365.72