***Absentee Owner/Motivated Seller *** Sycamore Gardens is a 32 unit community located in Titusville,Florida.Sycamore Gardens is a 32 Unit Apartment Building That featuresinterior block walls, new A/C and heat wall units,new kitchens andbathrooms, appliances, new plumbing and electrical reconfiguration,and interior renovations. The unit mix consists of 31 one-bedroomand one-bathroom units with approximate size of 425 rentablesquare feet, 1 two-bedroom unit and one bathroom units withapproximate size of 850 square feet.Presently, the units are beingrented for $450 to $475. Which is 7-10% below market. Cap rate is 11.28%
This income property consists of 2 homes and vacant lot to the east. Tax Account numbers are #2213052 and #2213053. The front home is tenant occupied at $700 monthly. The back home is still under renovations
INCOME PRODUCING OPPORTUNITY KNOCKING AT YOUR DOOR. Located close to the new Publix shopping center this property offers a lot of potential. Take a look at this quadplex today, put your creative spin and elbow grease into it, and money in your pocket! 2 bedroom, 1 bath units similar to those in the surrounding area. Small coin laundry area on site. Roof within the last few years. Each unit is on it's own electric and water meters. All units currently vacant.