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Price Upon Req.38,720 SF
***Property tours will be held Tuesday December 1st from 11am - 2pm and Tuesday December 8th from 11am - 2pm by appointment only. Please contact Johnny Pullman at 321-388-4394 to schedule an appointment.***WATCH YouTube video of Legacy Cove Please Click HereMarketing DescriptionAuction.com and Florida Realty Investments are pleased to present the opportunity to acquire Legacy Cove Apartments, a newly renovated apartment complex made up of six one-story buildings. There is 38,720 rentable square feet in this 64 unit complex that is made up of 63 two-bedroom/one-bath units, and a single one-bedroom/ one-bath unit, plus an on-site laundry facility. This is the perfect opportunity for an investor who is looking for a value add opportunity through continued lease up.Titusville is a city in Brevard County, Florida, which is nicknamed Space City, USA. A new aerospace company is set to bring 1,347 jobs over the next four years. Additionally, 900 jobs may be created in spinoff or related work for those who once worked in the space shuttle program. These job opportunities add up to nearly $96 million in payroll and the economic impact is estimated to be $48 million.
2 Duplexes, back to back to each other, individually parceled, potential for 30% gross returns and 21% cap rate!! Low maintenance, all concrete(including interior walls), separate meters. Will not last.
PRP is pleased to present a combined 32- unit bulk offering in the Space Coast! A total of 18-units (9 duplexes) are situated in the heart of Cocoa, and 14 apartment units (two 2-story buildings) are located in a pristine area of Titusville, FL. All units are 100% occupied with a waiting list for occupancy and the demand for individual owner occupant units are in high demand. The 9 duplexes located in Cocoa, FL were built in 1985 with an average square footage of 870, each unit is obtaining rents of $621 monthly. Two 2-story apartment buildings housing a total of 14 units are located in a Class A location of Titusville, situated between Royal Oaks Golf Course and La Cita Golf Course Communities. Site is less than one mile from the beach, and has little to no deferred maintenance. Built in 1985 average units are 818 square feet obtaining an average rent of $604 per month. 100% occupied with a 10.2% in-place cap. This is a unique opportunity for an investor to acquire two stable and cash flowing properties, a total of 32-units, at a blended cap rate of 10.4%!
Casita Bella Apartments is a 12-unit apartment building located in Titusville, Florida. The subject property is comprised of 12, two-bedroom units with approximately 740 rentable square feet. The units have been renovated with updated kitchens, bathrooms, and tile flooring in most units.
Sycamore Gardens is a 31 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.
Price Upon Req.1,048 SF
The property consists of a total of 15 acres, and 10 of those acres are utilized as a mobile home/RV park. The contiguous 5 acres are zoned vacant residential land, single family. Could be used as a future community development. The park has a total of 109 lots: mixed M.H./RV and 1 rental house. All units are tenant owned. Public utilities with the exception of the water. All lots are separately metered. There's an office/clubhouse, and laundry room. All paved roads with plenty of street lights. Seasonal park with a tremendous cash flow. Rent increase of $20/per lot as of May.2015.
PRP is pleased to present a 9% Cap multifamily offering in the Space Coast located in a pristine area of Titusville, FL. Two 2-story apartment buildings houses a total of 14 units are located in a Class A location of Titusville,situated between Royal Oaks Golf Course and La Cita Golf Course Communities. Site is less than one mile from the beach, and has little to no deferred maintenance. Built in 1985 average units are 818 square feet obtaining an average rent of $604 per month with rent renewals now at $630 a month. 100% occupied with a 9% in-place cap. This is a unique opportunity for an investor to acquire a stable asset and cash flowing property.