Investment Highlights

• Seller financing at 5.5% interest only. 8% down, 10-year term, no prepayment penalty. Long term financing significantly more attractive than current market and without typical lender fees.

• 100% occupied through mid-2027. All four units at $1,300; three expire 06/30/2027, one 05/31/2027.

• Fully Renovated in 2021. Plumbing, electrical, doors/windows, interior remodel, and exterior stairs were all upgraded. Roof was replaced in 2018.

• Rents below market. Nearby 2BR comps average $1,599 versus $1,300 in place. A conservative $1,495 adds $9,360 in annual gross income at the 2027 expirations, with no capital required.

• Uniform 2BR/1BA floor plans simplify operations. Standardized turn specs, streamlined maintenance inventory, and clean rent comparability.

• Separately metered, tenant-paid utilities. Low owner expenses, insulated from utility inflation.

• In-unit laundry and appliances convey. Refrigerator, stove, and washer/dryer in every unit transfer with the sale.

• Atlantic Beach location. Minutes to the ocean and Beaches Town Center, adjacent to Dutton Island Preserve, four miles to Mayport Naval Station.

• Supply Constrained Submarket.  Atlantic Beach is largely built out, with minimal developable land and strict height limits, so the asset is protected from new competing supply.