Kennedy Court 1111 Kennedy Ct 64 Unit Apartment Building $7,750,000 ($121,094/Unit) 7.28% Cap Rate Titusville, FL 32780

A 64-unit, garden-style multifamily community in Titusville, FL. Upgrades Include but are not limited to new kitchens, appliances, flooring, bathrooms in all units, as well as significant exterior improvements (full list of cap-ex can be found in the document vault). Pathway to increase NOI by 37.7% by year two by marginally increasing rents $196 on average over the next two years, while also implementing RUBs to decrease tenant water/sewer consumption and also recapture utility expense. Amenities include an on-site leasing office, lounge, laundry facilities, private fenced patios for each unit, spacious green area with a dog park, grilling stations and a gated entry requiring an access code to ensure tenant privacy and security. Located just minutes from multiple secondary and primary education facilities including Apollo Elementary School, James Madison Middle School, Andrew Jackson Middle School, Titusville High School, Astronaut High School and Eastern FL State College. Less than one mile from US-1, providing convenient access to Space Coast Regional Airport, NASA, Kennedy Space Center Visitor Complex, SpaceX, Blue Origin Rocket Facility as well as local beaches and retail venues