1602 South Street
- $300 Rental Upside on In Place Rents
- Tenant Pay All Utilities
- Over $300,000 of Bonus Depreciation
- Strategically Located Near US-1 & I-95
Property Description
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 property features a two-story building comprising a concrete block first floor and a wood-frame second floor, topped with a pitched shingle roof, with a total area of approximately 12,428 square feet. The property features a uniform unit mix of thirteen (13) two-bedroom / one-bath units of about 850sf each. Over $300,000 of bonus depreciation with a cost segregation study this year. Rent upside is over $300 per unit from in place rents to HUD fair market rents of $1,480 for two bedroom one bath units in this zip code. 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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,299,000 |
| No. of Units: | 13 |
| Average Occupancy: | 9.66 |
| Year Built: | 1981 |
| Lot Size: | 0.63 Acres |
| Opportunity Zone: | No |
| Price per unit: | $99,923 |
| Property Website | Click Here |
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