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Coquina Apartments 955 Knox McRae Dr 20 Unit Apartment Building $3,443,275 CAD ($172,164 CAD/Unit) 7.40% Cap Rate Titusville, FL 32780
INVESTMENT HIGHLIGHTS
- Minutes from the Indian River
- Professionally Managed
- $30,000 Roof Coating Completed
- Updated Units
- 75% of Units Have New ACs
- Concrete Block Construction
EXECUTIVE SUMMARY
Coquina Court Apartments is a 20-unit multifamily community located in Titusville, Florida. The property features a single concrete block building constructed in 1969 and offers a mix of 12 two-bedroom/one-bath units and 8 one-bedroom/one-bath units. Recent ownership improvements include $30,000 in roof work. Tenants pay their own electric, while the owner covers water, resulting in a simplified utility structure for investors.
Titusville, in Brevard County, is known as “Space City, USA” due to its strong ties to the aerospace industry. The city is experiencing significant economic growth, with a new aerospace company bringing 1,347 jobs over the next four years, plus an estimated 900 additional jobs in spinoff or related work for former space shuttle program employees. This expansion represents nearly $96 million in payroll and an economic impact of approximately $48 million, fueling continued demand for housing in the area.
Titusville, in Brevard County, is known as “Space City, USA” due to its strong ties to the aerospace industry. The city is experiencing significant economic growth, with a new aerospace company bringing 1,347 jobs over the next four years, plus an estimated 900 additional jobs in spinoff or related work for former space shuttle program employees. This expansion represents nearly $96 million in payroll and an economic impact of approximately $48 million, fueling continued demand for housing in the area.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 650 |
| 2+1 | 12 | - | 750 |
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PROPERTY TAXES
| Parcel Number | 22-35-22-00-00254.0-0000.00 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $2,334,285 CAD (2025) |
PROPERTY TAXES
Parcel Number
22-35-22-00-00254.0-0000.00
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$2,334,285 CAD (2025)
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Coquina Apartments | 955 Knox McRae Dr
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