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Willow Apartments 1592 South St 13 Unit Apartment Building $1,729,438 CAD ($133,034 CAD/Unit) 8% Cap Rate Titusville, FL 32780
Investment Highlights
- Concrete Block Construction
- Tenant Pay All Utilities
- Pitched Shingle Roofing
Executive Summary
100Units.com is pleased to present Willow Apartments, a 13-unit multifamily property located in Titusville, Florida. Tenants pay all utilities greatly reducing the
operating costs to the investor. The asset consists of a two-story concrete block building with pitched shingle roofing totaling approximately 12,428 square feet.
The property features a uniform unit mix of thirteen (13) two-bedroom / one-bath units of about 850sf each. Twelve (12) of the thirteen units have been renovated, including new roofing, paint, and HVAC systems, providing investors with a largely stabilized asset and minimal near-term capital needs. Utilities are separately metered and tenant-paid.
Ideally located near US-1 and I-95, Willow Apartments offers convenient access to Kennedy Space Center, downtown Titusville, and major Space Coast employment hubs.
operating costs to the investor. The asset consists of a two-story concrete block building with pitched shingle roofing totaling approximately 12,428 square feet.
The property features a uniform unit mix of thirteen (13) two-bedroom / one-bath units of about 850sf each. Twelve (12) of the thirteen units have been renovated, including new roofing, paint, and HVAC systems, providing investors with a largely stabilized asset and minimal near-term capital needs. Utilities are separately metered and tenant-paid.
Ideally located near US-1 and I-95, Willow Apartments offers convenient access to Kennedy Space Center, downtown Titusville, and major Space Coast employment hubs.
Property Facts
| Price | $1,729,438 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $133,034 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 8% | Building Size | 10,912 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 2.31/1,000 SF |
| Zoning | R-3, Titusville | ||
| Price | $1,729,438 CAD |
| Price Per Unit | $133,034 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 10,912 SF |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | R-3, Titusville |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | $1,453 CAD | 850 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 22-35-04-00-00033.0-0000.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,435,046 CAD |
Property Taxes
Parcel Number
22-35-04-00-00033.0-0000.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,435,046 CAD
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Willow Apartments | 1592 South St
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