Satellite Beach, Florida

Successful exit

Satellite Beach, Florida 2017-05-31T10:43:48+00:00

Project Description

Acquisition and renovation of a 36-unit apartment building, with a swimming pool and a new courtyard. All apartments were furnished with central A/C, a new kitchen and more.  The building was sold as an income-generating property.

1166 – 1170 South Patrick Drive, Satellite Beach, Florida, USA

Year launched

2014

Equity raised

$1,320,000

Expected duration

18 Months

Actual duration

23 Months

Achieved annual return

20.00%

Property investments are illiquid, and past performance is no indication of future success

About the neighborhood

Satellite Beach is a town located in Brevard County, with a population of over 500,000 residents and located about a 40-minute drive from Orlando. The town is well-known for its  beautiful beaches.

About the developer

Crown Holdings Group is a leading group, owning several subsidiaries, one of which specializes in Multi Family properties in South Eastern US. Company executives offer over 30 years of experience in the planning, construction and maintenance field.

The opportunity

Acquisition and renovation of a 36-unit apartment building, with a swimming pool and a new courtyard. All apartments were furnished with central A/C, a new kitchen and more.  The building was sold as an income-generating property.

Other projects by the developer