$1,790,000
Crestview, FL 32539
MLS# 927648
1 / 12
Property Description
This 10 Unit Apartment Building minutes from Ferndon Ave is a prime investment opportunity. Built in 2021, each unit is well designed at 840 sq ft with 2 bedrooms and 1 bathroom. Upgraded finishes include wide plank flooring, large living area with dining/office nook, and nice sized kitchen. The complex is fully rented, has plenty of parking, and has been well maintained - a perfect turn-key multi-unit property with a Cap Rate of 6.5%. More financials including rent roll, expenses, and projected appreciation available to buyers upon request.
Details
None
Current Price: $1,790,000
Status Change Info
Status: Active
Contract Info
GCCMLS Number: 30849433
List Date: 2023-07-14
List Price: $1,790,000
Listing Board: Emerald Coast
Location, Tax and Legal
Area: 25 - Crestview Area
Street #: 507
Street Name: Amos
Street Suffix: Street
State: FL
Zip Code: 32539
County: Okaloosa
Sub Area: 2501 Crestview Southeast
Parcel ID: 17-3N-23-2490-0101-0010
Legal Description: CRESTVIEW ALL LOTS 1 TO 3 AND THE S 72 FT OF LOTS 4 & 5 BLK 101 LIFE ESTATE
General Property Info
Listed on GCCMLS: Yes
Vacant: No
Immediate Occupancy: No
Acreage: 0.66
Listing Info, Tax & Legal
As Is: No
Remarks & Misc
Remarks: This 10 Unit Apartment Building minutes from Ferndon Ave is a prime investment opportunity. Built in 2021, each unit is well designed at 840 sq ft with 2 bedrooms and 1 bathroom. Upgraded finishes include wide plank flooring, large living area with dining/office nook, and nice sized kitchen. The complex is fully rented, has plenty of parking, and has been well maintained - a perfect turn-key multi-unit property with a Cap Rate of 6.5%. More financials including rent roll, expenses, and projected appreciation available to buyers upon request.
Office/Member Info
Cooperative Comp: 2.5
Cooperative Comp Type: %
Income Producing
Year Built: 2021
Building SqFt: 8400
Cap Rate: 6.5
Property Type: Multi-Family
Multi-Family
# of Units: 10
Property Features
Class: Income Producing; Multi-Family
Construction Status: Existing
Listing Office: Real Broker LLC
Last Updated: April - 09 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
Friday 3rd of May 2024 01:34 PM
