Cash on Cash Return
810 Sycamore St, Titusville, Florida 32780
Sold: $900,000
Property Details
Property Type
Residential
Building Type
Freestanding
Building Size
14,608 sqft
Land Size
1.02 acres
Units
32
Zoning
MULTI-FAMILY
Year Built
1965
Construction
Block
Property Description
***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%
