64-Unit Garden-Style
For Sale
$7,750,000
1111 Kennedy Ct, Titusville, FL 32780
Multifamily community with a majority of two-bedroom residences in Titusville.
Property SizeContact for details
Days on Market150
Property Features for 1111 Kennedy Ct
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
7.22%
Multifamily Units
64
Amenities
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 36.44% by year two by marginally increasing rents $196 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 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
Building Details
Construction
garden-style
Listing Agency:
Tampa Office
(813) 387-4754
Listed By:
Jason Hague · License #FL: SL3265708
(813) 387-4754
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 11:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tampa Office
Investment Insights
Based on property information with market context.
Kennedy Court Apartments is a 64-unit garden-style multifamily community in Titusville, Florida. The property includes a majority of two-bedroom units, providing a predominantly two-bedroom unit mix within the community’s apartment configuration.
Existing Fannie Mae financing carries a 4.65% interest rate and may be assumed by a qualified buyer. The property is located at 1111 Kennedy Ct, Titusville, FL 32780.
Existing Fannie Mae financing carries a 4.65% interest rate and may be assumed by a qualified buyer. The property is located at 1111 Kennedy Ct, Titusville, FL 32780.
Key Highlights
- 64‑unit garden‑style multifamily community
- Majority two‑bedroom unit mix
- Located at 1111 Kennedy Ct, Titusville, FL 32780
Property Analytics
Property Profile
Current Use
Lease Details
64
Residential units
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 32780, FL
39,525
Population
19,984
Households
2
Avg Household Size
48
Median Age
27%
College-Educated
92%
High-School Grad
68.1 sq mi
ZIP Area
580
Density / Sq Mi
$64,670
Median Household Income
$39,882
Median Earnings
$1,258
Median Rent
$250,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily community with a majority of two-bedroom residences in Titusville.
Where is this apartment building located?
The property is located at 1111 Kennedy Ct Titusville, FL.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: 64‑unit garden‑style multifamily community; Majority two‑bedroom unit mix; Located at 1111 Kennedy Ct, Titusville, FL 32780
