Catylist ID: #30806908
Residential Investment Apartment Building
Multi-Family for Sale
|Catylist Listing ID:||30806908|
|Number of Units:||10 Units|
|Building Size (RSF):||8,400 SF|
|Unit Price:||$199,500 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller, Other|
|Average Occupancy Rate:||100|
Overview / Comments
Fully Leased- Beautiful, Newly Built, Coastal Inspired 10-Unit Apartment Complex for Sale. Very Nicely finished out units.
8,400 SF Multifamily facility (Apartment building) with ten (10) rentable units) Each unit is built out as a 2bedroom 1 bath set up.
Nicely Built Out Exterior- featuring Hardy Plank Siding, Dimensional Shingles.
Interior Build Out - nicely planned out floor plans with attractive vinyl floors, neutral colors for the interiors- grays and whites for cabinetry/ tile work, upgraded interior doors.
Average Cost per door, per month $1,250 - Under market rents provide a value-add opportunity in as little as three months. The market bears $1,395 per month. The owner has informed tenants of an incoming 10% rental increase over their current rent following disposition,
New Value Add Opportunity- Owner will sell additional 5.5 AC parcel for added $750,000. The 5.5-acre site has a DO in place for a 50 door Apartment building.
Attachments & Media
|Nearest MSA:||Crestview-Fort Walton Beach-Destin|
|Property Located Between:||Ferdon Blvd and corner of Amos St.|
|Site Description:||Fully Built out 10-Unit Apartment Complex.|
|Area Description:||Located in the heart of Crestview the property is close to schools, bus lines, shopping and businesses. It is just off of a main travel corridor through Crestview, but the immediate area surrounding the property is well suited residential dwelling.|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Laundry:||In Each Unit|
|Interior Description:||2 Bed 1 Bath units are very nicely built out and appointed with vinyl flooring, coastal inspired colors were chosen with light grays and browns- upgraded doors, light gray cabinetry, very nice stainless appliance packages, upgraded countertops|
|Legal Description:||in file|
Driving Directions / Aerial Imagery:
Bird's Eye View | Google Maps | Google Street View
|Proximity:||1 mile||3 miles||5 miles|
Cameron Cauley, SIOR MiCP CCANAI Pensacola Gulf Coast CMLS Member
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