Lofty 752 Gelaso St SW

Single Family Home with a Long-term Tenant (7 Years) in Palm Bay, Florida

Offering Details

Calixte Duffaut is transferring his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
Tokens represent direct ownership in the LLC that owns the property. Calixte will maintain at least 10% ownership in the LLC indefinitely.
View proof of Calixte's ownership prior to the title transfer here. View the LLC documents here.

The tenants are a family who have been living in the property for the past seven years.
Located minutes from I-95 and St. Johns Heritage Parkway, offering easy access to major roadways.
Surrounded by newer homes and Florida’s natural vegetation, providing both privacy and scenic beauty.
Close to shopping centers, schools, parks, and local amenities.
Situated in one of Brevard County’s fastest-growing areas, offering long-term value and potential.
The items in the Inspection Report have been repaired. Click here to view the repair photos.

This property has a loan of $142,100. View the loan documents here.
As Calixte pays down the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors are not responsible for the loan payments and have the ability to change this structure via a governance vote.

1 year lease
$1,650/month
The tenant is a family and they have been living in the property for the past 7 years
The co-owner, Cal, is providing a rent credit of $343/month for the first 2 years or until the rent increases to $1,993/month.
Lease Agreement