This Multifamily Property is Off-Market.

1404 De Leon Ave
Titusville, FL 32780 ·

27 Units · Multifamily For Sale

N/A

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Gibson Park Apartments

Price N/A Commission Split 3%
No. Units 27 Cap Rate 8%
Building Size 16,564 SF Gross Rent Multiplier 2.20
Property Type Multifamily Occupancy 30%
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

Description

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!

Highlights

  • 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!

Research

1404 De Leon Ave, Titusville, FL 32780 (Brevard County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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