Royal Villas
Titusville, FL
PROPERTY DETAILS
SUMMARY OF OFFERING
- Asset Type Multifamily
- Address 2145-2235 Harrison Street, Titusville, FL 32780
- Year Built 2007
- Construction Type Wood Frame
- Lot Size 3.84 +/- Acres
- Unit Count 48 (All 3Bd/2.5Ba + Den)
- Unit Type Two-Story Townhomes
- Avg. Unit Size 1,658 SF
- Building Count 12
- Rentable Sq.Ft. 79,584 SF
Marcus & Millichap, in collaboration with Institutional Property Advisors, is pleased to present Royal Villas Townhomes, a 48-unit, 2007-vintage multifamily community in Titusville, Florida. Comprised entirely of oversized three-bedroom townhomes, Royal Villas offers spacious residential-scale floorplans and multiple long-term exit strategies within Florida’s rapidly expanding Space Coast economy, where more than $5.5 billion of public and private investment has been announced or approved across Brevard County since the start of 2025 and $4.8+ billion of spaceport investment is forecast over the next five years.
For additional information, please contact our team to learn more about the opportunity.
INVESTMENT HIGHLIGHTS
- 48-Unit / 2007-Vintage Townhome Community in Titusville, Florida
- 100% 3-Bedroom / 2.5-Bathroom + Den Floorplans Averaging 1,658 SF
- Oversized Two-Story Floorplans Deliver Residential-Style Living Beyond Conventional Apartment Product
- Meaningful Mark-to-Market Rent Growth Opportunity With In-Place Occupancy Costs Approximately 9% Below the Comparable Average
- Located Within a High-Growth Space Coast MSA With 32% Real GDP Growth & Strong In-Migration
- $5.5B+ of Public & Private Investment Announced or Approved Across Brevard County Since the Start of 2025
- $4.8B+ of Spaceport Investment Forecast Over the Next Five Years
- Major Nearby Investment From Lockheed Martin, Blue Origin, SpaceX, Draper & Other Aerospace Employers
LISTING AGENTS
Benjamin Skinner
Senior Director Investments
SP Multifamily Group, Marcus & Millichap
Matthew Prozzillo
Senior Director Investments
SP Multifamily Group, Marcus & Millichap
Blake Hanlon
Mark Peltin
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