Cash on Cash Return

***Absentee Owner/Motivated Seller *** Sycamore Gardens is a 32 unit community located in Titusville,Florida.Sycamore Gardens is a 32 Unit Apartment Building That features interior block walls, new A/C and heat wall units,new kitchens and bathrooms, appliances, new plumbing and electrical reconfiguration, and interior renovations. The unit mix consists of 31 one-bedroom and one-bathroom units with approximate size of 425 rentable square feet, 1 two-bedroom unit and one bathroom units with approximate size of 850 square feet.Presently, the units are being rented for $450 to $475. Which is 7-10% below market. Cap rate is 11.28%