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Legacy Apartments is a complex made up of 2 two-story buildings located in Titusville, Florida. The subject property has 11,452 rentable square feet that is comprised of a 14 unit two-bedroom/one-bath units complex. This asset sits right on the Royal Oak Golf Course and has great potential to add value by continuing to raise rents as the course is expected to re-open.
Sycamore Apartments is a 32-unit apartment community located in the city of Titusville, Florida, which is in Brevard County. Built in 1965, the property was extensively renovated and completed in the last six months. Once the renovations were completed, the property was well-positioned for rapid lease-up due to its geographic advantages. The south Titusville location will ensure the property enjoys stable occupancy, strong rental rates and capital appreciation as the overall market and economy continues to improve. The property is a two story concrete block structure with painted stucco. The apartment building features interior block walls, new A/C and heat wall units, new kitchens and bathrooms, appliances, new plumbing and electrical refiguration, 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 are current market rates. Call or email to receive investment report.