$6,400,000
Niceville, FL 32578
MLS# 864114
Status: Sold
1 / 27
Property Description
62 apartments and a separate building for the laundromat. Has a great cash flow currently for the rental apartments. 32 apartments are rented to the athletes at Northwest Florida State College. Unit Breakdowns include the following: 44 2BR/1BA, 4 2BR/2BA, 8 1BR/1BA, 6 3BR/2BA. Half of them have laundry rooms, plenty of parking and maintenance is up-to-date. A leaseback of 32 units is required for this sale. Ask for a copy of leaseback terms.
Details
Contract Info
GCCMLS Number: 30723556
Listing Board: Emerald Coast
List Date: 2021-02-06
List Price: $6,800,000
Location, Tax and Legal
Sub Area: 1305 - Niceville North
Property Name: College Courtyard
Legal Description: VALPARAISO P/C 3 LOTS 1-6 BLK 9 & RDAS OR 793-710
General Property Info
Listed on GCCMLS: Yes
Vacant: No
Immediate Occupancy: No
Acreage: 4.74
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: 62 apartments and a separate building for the laundromat. Has a great cash flow currently for the rental apartments. 32 apartments are rented to the athletes at Northwest Florida State College. Unit Breakdowns include the following: 44 2BR/1BA, 4 2BR/2BA, 8 1BR/1BA, 6 3BR/2BA. Half of them have laundry rooms, plenty of parking and maintenance is up-to-date. A leaseback of 32 units is required for this sale. Ask for a copy of leaseback terms.
Class
Multi-Family: 1
Construction Status
Existing: 1
Multi-Family
Year Built: 1987
# of Units: 62
# Buildings: 8
# Stories/Buildings: 2
None
Current Price: $6,400,000
Status Change Info
Status: Sold
Under Contract Date: 2021-06-15
Sold Date: 2021-07-26
Sold Price: $6,400,000
Location Tax and Legal
Area: 13 - Niceville
Street #: 28
Street Name: Garden
Street Suffix: Lane
State: FL
Zip Code: 32578
County: Okaloosa
Parcel ID: 05-1S-22-256C-0009-0010
Property Features
Class: Multi-Family
Construction Status: Existing
Listing Office: ERA American Real Estate
Last Updated: October - 13 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
