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Multifamily Property with Rental Upside
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426 Dummitt Avenue, Titusville, FL 32796

Fully occupied multifamily property with potential for increased rental income.

Property SizeContact for details
Days on Market894

Property Features for 426 Dummitt Avenue

General Information

Standard status Active
Property subtype Special Purpose
Zoning UMU

Building Details

Year Built 1930
Listing Agency: The Keyes Company
Listed By: Stanley Rosen · License #681734
Source: Crexi
Added: Feb 27, 2024 Changed: Aug 8 Last Checked: May 12 at 9:44PM

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 The Keyes Company

Investment Insights

Based on property information with market context.

This multifamily property presents an opportunity to potentially double rents after renovating units. The property is currently fully occupied. A new roof was installed in 2023. The unit breakdown and current monthly rents are as follows: Unit A is a 1-bedroom, 1-bathroom unit renting for $650; Unit B is a 2-bedroom, 1-bathroom unit renting for $650; Unit C is a 1-bedroom, 1-bathroom unit renting for $650; Unit D is a 1-bedroom, 1-bathroom unit renting for $795; and Unit E is a 1-bedroom, 1-bathroom unit renting for $650. The total monthly rental income is $3395. Monthly expenses include $210 for water, $85 for electricity, and $30 for lawn maintenance. The property is located in Titusville, Florida.

Key Highlights

  • Opportunity to double rents after renovating units.
  • Fully occupied property provides immediate income.
  • New roof installed in 2023.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith Bakery (Bike/Boat/Book/etc) Store Florist Carpet & Flooring Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,172
Businesses Nearby

Demographics for 32796, FL

20,818
Population
9,670
Households
2.2
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
14.4 sq mi
ZIP Area
1,446
Density / Sq Mi
$67,399
Median Household Income
$40,368
Median Earnings
$1,305
Median Rent
$243,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied multifamily property with potential for increased rental income.
Where is this apartment building located?
The property is located at 426 Dummitt Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $479,888.
What are key features of this property?
This property features: Opportunity to double rents after renovating units.; Fully occupied property provides immediate income.; New roof installed in 2023.
(954) 389-3459 Call to check price and availability
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