Space Coast Duplex
300 Oleander Pl, Titusville, FL
11.96% return
LP:
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Property Description

Fully renovated duplex. Section 8 approved. Quiet and clean area. Very easy to manage. Separate electric & water meters, city water & sewer. Rented below market value, can generate $1,600/month. Was sold at the peak for $148,000. Property is near Cape Canaveral, home of SpaceX program. Tons of growth in the county.

Property Information

  • Listing statusPending
  • Property typeMulti Family
  • Total units2
  • Total bedrooms5
  • Total bathrooms2
  • Building size1613 sq. ft.
  • Lot size0.4 acres
  • Year built1953
  • CountyBrevard County
  • SubdivisionINDIAN RIVER CITY DELESPINE GRANT
  • ConstructionCBS
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral

Property Financial Summary

  • Asking price $119,900
  • Estimated rehab 1 $0
  • Total investment $119,900
  • Type Proforma
  • Gross income (annually) $19,200
  • Operating expenses (annually) $4,859
  • Net income (annually) $14,341
  • Gross return 16.01%
  • Gross income (monthly) $1,600
  • Operating expenses (monthly) $405
  • Net income (monthly) $1,195
  • Net return 11.96%

Property Income & Expenses

  • Income
  • Unit 1: 3 bed / bath $850/month
  • Unit 2: 2 bed / bath $750/month
  • Total $1,600/month
  • Expenses
  • Property Taxes $150/month
  • Insurance $100/month
  • Lawn care $30/month
  • Maintenance reserve $125/month
  • Total $405/month

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for the this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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