BEDS32
BATHS
SQUARE FEET15,488
MLS#TB8422362
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONACREAGE
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 Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.91 Acres
Roof Type: Other
Taxes: $27,617
Year Built: 1969
Amenities
Ninguno
Balcony
Courtyard
Feature Descriptions
Annual Net Income: 184885.00
Days on Site: 188
Directions: South bound on Know McRae Dr. Property will be in the left.
Exterior: Concrete
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.91
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: Appointment Only, Do Not Contact Tenants, See Remarks
Special Sale Provisions: None
Units: 20
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: R3
Listed By / Shown By
Listed By
Agency Name: FLORIDA REALTY INVESTMENTS
Agency Contact: 407-207-2220
Shown By
Agency Title: Adams Cameron & Co. REALTORS - Commercial
Agency Phone: (386) 252-3120
Estimate Your Payment
Estimated Payment
$ 16,336.63 per month $13,306.05 Principal & Interest $2,301.42 Property Tax $729.17 Homeowner's Insurance
955 Knox Mcrae Drive | MLS# TB8422362
This multi-family property located at 955 Knox Mcrae Drive, Titusville, FL 32780 is currently listed for sale with an asking price of $2,500,000. Search Titusville real estate on www.adamscameroncommercial.com today.