Triplex with Remodeled Four-Bedroom
New
For Sale
$499,000
4110 Raney Rd, Titusville, FL 32780
Three separate residences include a renovated, move-in-ready larger unit and two occupied apartments on month-to-month leases.
Property Size3,067 SF
Price / SF$162.70
Days on Market3
Property Features for 4110 Raney Rd
General Information
Standard status
Active
Size
3,067 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA, 1 x 4BR/2BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1966
Buildings
1
Listing Agency:
Weichert Realtors Hallmark Pro
Listed By:
Lynnette Hendricks · License #651304
(321) 877-4800
Source:
Floridaeastcoastrealestate
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 28 at 8:43AM
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 Weichert Realtors Hallmark Pro
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Investment Insights
Based on property information with market context.
This triplex contains three separate units: two one-bedroom, one-bathroom apartments and one four-bedroom, two-bathroom residence. The larger unit has been remodeled, and the roof was replaced in 2020. The property totals 3,067 square feet and was built in 1966.
Both one-bedroom apartments are occupied under month-to-month lease agreements. The property is on Raney Road in Titusville, near La Cita Golf Course, shopping, dining, and everyday amenities. Kennedy Space Center is also accessible from the area.
Both one-bedroom apartments are occupied under month-to-month lease agreements. The property is on Raney Road in Titusville, near La Cita Golf Course, shopping, dining, and everyday amenities. Kennedy Space Center is also accessible from the area.
Key Highlights
- Three‑unit property with two 1‑bedroom, 1‑bathroom apartments and one 4‑bedroom, 2‑bathroom residence
- The larger residence has been remodeled and is described as move‑in ready
- Both one‑bedroom units are occupied on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,928
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,560
$698.6K
Cap Rate 7%
$498,971
$499.0K
Cap Rate 9%
$388,089
$388.1K
Market Conditions
NOI Build-Up for 3,067 SF
Gross rent
$53.4K $17.40/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$49.9K $16.27/SF
− OpEx
−$15.0K −$4.88/SF
NOI
$34.9K $11.39/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,560
Cap Rate 7%
$498,971
Cap Rate 9%
$388,089
Alternative Uses
Best Use
Multifamily LT 5
$499.0K
$436.6K – $582.1K
NOI $34,928 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$448.5K
$392.5K – $523.3K
NOI $31,396 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$809.2K
$708.0K – $944.0K
NOI $56,641 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences include a renovated, move-in-ready larger unit and two occupied apartments on month-to-month leases.
Where is this triplex located?
The property is located at 4110 Raney Rd Titusville, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three‑unit property with two 1‑bedroom, 1‑bathroom apartments and one 4‑bedroom, 2‑bathroom residence; The larger residence has been remodeled and is described as move‑in ready; Both one‑bedroom units are occupied on month‑to‑month leases
