Sycamore Street Apartments
SOLD May 2011 for $225,000
810 Sycamore Street, Titusville, Florida 32780
| Building Size | 14,608 Square Feet |
| Land Size | 1.02 Acres |
| Units | 31 |
| Zoning | R3 |
| Electric | Florida Power and Light |
| Year Built | 1965 |
| Construction | Concrete Block |
| Roof | Composition Shingle - Gable |
| Sewer | City of Titusville |
| Parking | Adequate |
| Water | City of Titusville |
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.
Agent
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Office Phone: (321) 784-4222Mobile: (321) 720-0429
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.