1404 De Leon Ave
Titusville, FL 32780 ·
27 Units · Multifamily For Sale
Gibson Park Apartments
|No. Units||27||Cap Rate||8%|
|Building Size||16,564 SF||Gross Rent Multiplier||2.20|
|Property Sub-type||Garden/Low-Rise||Lot Size||43,050 SF|
|Property Use Type||Investment||APN / Parcel ID||2204508|
|Listing ID: 17543369||Date Created: 02/22/2012||Last Updated: 07/15/2012|
INVESTOR'S OPPORTUNITY!! Have a positive cash flow while fixing up the Units and increasing your cash flow many times over!! The property is located in a targeted area of Titusville with City & County Grants and other State and local programs. There has already been a movement of restoration in the area for the past few years and it is an on going effort to improve the supply of affordable rentals! Take the time to down load the attachment to find out more about this opportunity!
US 1 in Titusville, turn W on Sycamore St to De Leon turn Rt (N) to property on W side. Located in an older area of Titusville with a mix of single family and multi-family properties, This is a targeted area for area improvement funds and there have been several new developments within a short distance from this property within the past few years, see attached for more details!
- Priced below all other Listings in the County
- Existing cash flow will carry property while doing rehab work
- Targeted zone, may qualify for Grants and affordable housing rehab loans.
- Current R.O.I. 10% at 30% occupancy
- See why Brevard County is Growing!!! http://www.spacecoastedc.org/
- Rental demand in the past 3 months has increased 4 fold & inventory is at a all time low!
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