955 KNOX MCRAE DRIVE at

955 KNOX MCRAE DRIVE

For sale Days on market 123

$2,500,000

$161/sq ft

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Overview

Bedroom

Year Built

1969

Sqft

15488

Property Description

Under contract-accepting backup offers. 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.

Property Details

MLS#

TB8422362

Address

955 KNOX MCRAE

City

Titusville

State/county

Zip/Postal Code

32780

Area

Acreage

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$27,617

Maint Fee

$--

Tax Year

2024

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