Listed by The Apartment Brokers
$2,399,000
Coquina Apartments
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, RV Park
Units 20
Cap Rate 7.71%
NOI $185,000
Class B
Year Built 1969
Buildings 1
Stories 2
Investment Type Stabilized
Multifamily | 20 Units | $119,950/unit
Marketing description
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.
Investment highlights
Updated Units
Minutes from the Indian River
Central Air Conditioning
75% of Units Have New ACs
$30,000 Roof Coating Completed
Concrete Block Construction
Professionally Managed
Listing Contacts
Listed by The Apartment Brokers
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,000.00
$15,416.67/mo
Valuation Metrics
0
DSCR
7.71%
Cap Rate
7.71%
ROI
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