

Willow Apartments
Multifamily | 13 Units | $99,923/unit
Marketing description
100Units.com is pleased to present Willow Apartments, a 13-unit multifamily
property located in Titusville, Florida. Tenants pay all utilities greatly reducing the
operating costs to the investor. The property features a two-story building
comprising a concrete block first floor and a wood-frame second floor, topped with
a pitched shingle roof, with a total area of approximately 12,428 square feet. The
property features a uniform unit mix of thirteen (13) two-bedroom / one-bath units
of about 850sf each. Over $300,000 of bonus depreciation with a cost segregation
study this year. Rent upside is $210 per unit from in place rents to HUD fair market
rents of $1,260 for two bedroom one bath units in this zip code.
Ideally located near US-1 and I-95, Willow Apartments offers convenient access to
Kennedy Space Center, downtown Titusville, and major Space Coast employment
hubs.
Investment highlights
Concrete Block Construction
Pitched Shingle Roofing
Tenant Pay All Utilities
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