$900,000
Titusville, FL 32780
MLS# 739498
Status: Closed
15312 sqft
1 / 12
Property Description
***Absentee Owner/Motivated Seller *** Sycamore Gardens is a 32 unit community located in Titusville,Florida.Sycamore Gardens is a 32 Unit Apartment Building That features interior block walls, new A/C and heat wall units,new kitchens and bathrooms, appliances, new plumbing and electrical reconfiguration, and interior renovations. The unit mix consists of 31 one-bedroom and one-bathroom units with approximate size of 425 rentable square feet, 1 two-bedroom unit and one bathroom units with approximate size of 850 square feet.Presently, the units are being rented for $450 to $475. Which is 7-10% below market. Cap rate is 11.28%
Details
Maps
Location, Tax, and Legal
Tax Account: 2205883
Parcel Number: 22-35-10-00-00263.0-0000.00
General County Location: North
Elementary School: Coquina
Middle School: Jackson
High School: Titusville
Tax Annual Amount: 7439.66
Tax Year: 2015
Tax Legal Description: PART OF NW 1/4 AS DES IN ORB 1012 PG 1016
Directions: North on Harrison st off US1. West on Sycamore st. Apartments will be on the right side of the street.
General Property Information
Number Of Units Total: 32
Living Area: 14608
Living Area Source: Public Records
Building Area Total: 15312
Lot Size Acres: 1.02
Lot Size Dimensions: 463.0 ft x 96.0 ft
Lot Size Square Feet: 44431
Association YN: No
Garage YN: No
Property Use: 0353
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Use Code: 03
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 66.06
Sold Price/SqFt: 61.61
Year Built: 1965
Remarks and Miscellaneous
Public Remarks: ***Absentee Owner/Motivated Seller *** Sycamore Gardens is a 32 unit community located in Titusville,Florida.Sycamore Gardens is a 32 Unit Apartment Building That features
interior block walls, new A/C and heat wall units,new kitchens and
bathrooms, appliances, new plumbing and electrical reconfiguration,
and interior renovations. The unit mix consists of 31 one-bedroom
and one-bathroom units with approximate size of 425 rentable
square feet, 1 two-bedroom unit and one bathroom units with
approximate size of 850 square feet.Presently, the units are being
rented for $450 to $475. Which is 7-10% below market. Cap rate is 11.28%
Appliances
Dryer: 1
Electric Range: 1
Refrigerator: 1
Washer: 1
Association Amenities
Management - On Site: 1
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Wall/Window Unit(s): 1
Flooring
Laminate: 1
Heating
Other: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Parking Features
Assigned: 1
Pool Features
None: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 155580
Net Operating Income: 0
Operating Expense: 0
Owner Pays
Cable TV: 1
Other: 1
Roof
Other: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Contingency Reason
Other: 1
Historical Information
Public Historical Remarks 3: Possible Financing-Holding 1st: Y, Parking-< 1 Space Per Unit: Y, Number of Buildings: 1 Building
Contract Information
Current Price: $900,000
Original List Price: 990000
Sold Price: $900,000
Status: Closed
Listing Contract Date: 2015-11-10
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 810
Street Name: Sycamore
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32780
MLS Area Major: 103 - Titusville Garden - SR50
Subdivision Name: Part of NW 1/4 As Des In Orb 327
Status Change Information
Major Change Timestamp: 2023-11-11T03:44:21Z
Major Change Type: Price Reduced
Price Change Timestamp: 2016-02-05T21:58:44Z
Status Change Timestamp: 2016-05-24
Contingency: Active Under Contract
Purchase Contract Date: 2016-03-10
Close Date: 2016-05-23
Close Price: 900000
Property Features
Appliances: Dryer; Electric Range; Refrigerator; Washer
Association Amenities: Management - On Site
Construction Materials: Block; Concrete; Stucco
Cooling: Wall/Window Unit(s)
Flooring: Laminate
Heating: Other
Levels: Two
Listing Terms: Cash; Conventional
Owner Pays: Cable TV; Other
Parking Features: Assigned
Pool Features: None
Roof: Other
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Connected; Water Available
Water Source: Public
Contingency Reason: Other
Showing Requirements: Appointment Only
Listing Office: Keller Williams Realty Brevard
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.