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Gelfand Realty Miami Properties - Multi Family

SW 20TH, TITUSVILLE, FL 32796

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Multi Family - ACREAGE & UNREC

SW 20TH, TITUSVILLE, FL 32796

Sold Price$788,000 Asking Price$828,000

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  • Days on market:

    10 day(s)
  • Original Price:

    $828,000
  • Price per sqft:

    $92.74
  • Tax Legal Description:

    PART OF SE 1/4 OF NW 1/4 AS DES IN DB 387 PG 376
  • Tax Year:

    2019
  • Property Type:

    Multi Family
  • Construction Type:

    StuccoBlock
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Floor Description:

    Ceramic Tile
  • Equipment/Appliances:

    RefrigeratorElectric Water Heater Range
  • Special Listing Conditions:

    None
  • Lot Features:

    Sidewalk Street LightsCity Lot Near Public Transit

Description

$828,000 • living size area 8928 sqft

Casita bella, this property consists of 1 two story block building with 12 fully occupied units. all units are 2 bedroom, 1 bathroom approximately 860 sqft each. 11 units rented at $700, 1 unit rented at $750 the units have been recently updated, and have newer central a/c systems, all tile flooring throughout all units, range & refrigerators in all units. new roof november 2017. easy lawn maintenance. tenants pay all utilities, separate electric and water/sewer meters. room to raise rents at renewals. 1st year proforma noi 7.75%. owner managed coin laundry facilities on site and newly installed in 2019 for additional income. titusville is up and coming with numerous economic development expansions. employers such as blue origin, lockheed martin corporation, capital investment, oneweb satellites, and government expansions in the space research department are evolving the economy and future grow possibilities.
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