Sycamore Street Apartments

  SOLD May 2011 for $225,000

810 Sycamore Street, Titusville, Florida 32780


Building Size14,608 Square Feet
Land Size1.02 Acres
Units31
ZoningR3
ElectricFlorida Power and Light
Year Built1965
ConstructionConcrete Block
RoofComposition Shingle - Gable
SewerCity of Titusville
ParkingAdequate
WaterCity 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.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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