Sycamore Street Apartments
810 Sycamore Street, Titusville, Florida 32780
Sold: $225,000
Property Details
Property Type
Residential
Building Type
Freestanding
Building Size
14,608 sqft
Land Size
1.02 acres
Units
31
Sewer
City of Titusville
Water
City of Titusville
Zoning
R3
Electric
Florida Power and Light
Year Built
1965
Roof
Composition Shingle - Gable
Parking
Adequate
Lease Type
299000
Construction
Concrete Block
Property Description
The property is currently vacant and waiting for renovation. It has recently been tented and boarded up. Solid concrete block construction, good roof. Each unit needs new appliances, outside painting, interior painting with some dry wall replacement, some plumbing and electrical work.
Based on a stabilized cap rate of 8.5%, future value may be more than $1,000,000.
This one was just listed and won’t last long. Once renovated, low rents equals fast lease up. City of Titusville is willing to help. Please call for details.
