Kennedy Court 1111 Kennedy Ct Immeuble residentiel 64 lots 7 322 665 € (114 417 €/Lot) Taux de capitalisation 6,55 % Titusville, FL 32780

A 64-unit, garden-style multifamily community in Titusville, FL. Attractive Fannie Mae loan at a 4.65% rate with 7 years remaining on the loan which can be assumed by an experienced and qualified buyer. Unit mix consists of 97% two-bedroom units. Seller has spent nearly $1.4 million in upgrades and improvements since acquiring the property- upgrades Include but are not limited to new kitchens, appliances, flooring, bathrooms in all units, as well as significant exterior improvements (full list of cap-ex can be found in the document vault). Pathway to increase NOI by 38.73% by year two by marginally increasing rents $216 on average over the next two years, while also implementing RUBs to decrease tenant water/sewer consumption and also recapture utility expense. Property is operating at over 95% economic occupancy on the seller’s T-12. Amenities include an on-site leasing office, lounge, laundry facilities, private fenced patios for each unit, spacious green area with a dog park, grilling stations and a gated entry requiring an access code to ensure tenant privacy and security. Located just minutes from multiple secondary and primary education facilities including Apollo Elementary School, James Madison Middle School, Andrew Jackson Middle School, Titusville High School, Astronaut High School and Eastern FL State College. Less than one mile from US-1, providing convenient access to Space Coast Regional Airport, NASA, Kennedy Space Center Visitor Complex, SpaceX, Blue Origin Rocket Facility as well as local beaches and retail venues