Prime Multi-Family Investment Opportunity in Titusville Discover an exceptional value-add opportunity with this concrete block quadruplex located at 420 Rock Pit Road. Situated on nearly half an acre in Brevard County, this income-producing property features a versatile unit mix, including a 3-bedroom/2-bathroom unit, a 2-bedroom/1-bathroom unit, a 1-bedroom/1-bathroom unit, and an efficiency. Built in 1955 and totaling 2,796 square feet of heated living space, the building is equipped with central air and individual metering, offering a streamlined management experience for seasoned or first-time investors. This property is a powerful addition to any portfolio. The location offers unmatched convenience, placed just minutes from local shopping centers like South Park Plaza and Parkway Plaza, and within easy reach of the Merritt Island National Wildlife Refuge and the beaches of Canaveral National Seashore.
Multi-familyProperty Type
1955Year Built
0.46 acresLot Size
$125Price/Sq.Ft.
1 spaceParking
Listed by Marc George• KELLER WILLIAMS REALTY AT THE PARKS
Listed by Danica Schiffman• KELLER WILLIAMS REALTY AT THE PARKS
4,792 sq ft lot • 2 parking spots • Community pool
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Around this home
Schools
K - 12
Preschool & daycare
Oak Park Elementary School
Public PreK-6 • Assigned • 2.4mi
5/10
James Madison Middle School
Public 7-8 • Assigned • 2.3mi
5/10
Astronaut High School
Public 9-12 • Assigned • 2.0mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Built-in features
Ceiling fans
Combined living and dining room
Living room fireplace
Storage rooms
Bedrooms
7 bedrooms
Kitchen
Range
Refrigerator
Flooring
Laminate
Tile
Heating & cooling
Central heating
Central air conditioning
Exterior features
Sidewalk
Home design
Four-unit property
Two buildings
Parking
Driveway
Carport with one space
Construction
Block, brick, and frame construction
Shingle roof
Block foundation
Utilities
Public water
Septic tank
Cable and electricity connected
Sewer and water connected
Financial info
Gross income of $43,500
Annual net income of $31,741
Pro forma rents: $1,150 for the three-bedroom unit, $950 for the two-bedroom unit, $900 for one one-bedroom unit, and $625 for the other one-bedroom unit
Electricity and solar
View estimated energy costs and solar savings for this home
The Multifamily High Density Residential district is intended to allow the development of a variety of housing types at a maximum density of fifteen units per acre. This district is further intended to satisfy the need for a high concentration of population, is located adjacent to arterial or collector streets and is well served by public services and facilities. When adjacent to R-1 zoning districts, the development within the district shall be designed carefully to provide maximum compatibility with adjacent development by proper architectural design, landscaping, screening, and parking.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Multiple units
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 108° expected this year, 22 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Titusville, FL • 32796
Average low and high temperatures (°F)
69
49
74
55
79
60
82
66
89
72
91
75
93
76
91
76
87
75
82
69
78
61
74
57
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Titusville. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 420/422 Rock Pit Rd
$336,280
$13K under list price of $349K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $270K to $395K.