Investment Opportunity Quadplex For Sale

Multi-Family for Sale
Catylist Listing ID: 30872971
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,480 SF
Gross Land Area: 0.29 Acres
Sale Price: $640,000
Unit Price: $160,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2024

Overview / Comments

Investment Opportunity Quadplex For Sale in Milton, FL. The property is +/- 0.29 acres, with 90.52 feet of frontage along Sandy Lane. The property features four units, each having a total SF of 1,120. Perfect for the owner to use as a primary
residence while leasing out the remainder. The parcel zoned R3 – Medium High-Density Residential, located along Hwy 87 (16,317 AADT). The property is near the Naval Air Station Whiting Field, Santa Rosa Medical Center, Santa Rosa Christian School, and King Middle School. Nearby national/credit tenants include Publix, Winn-Dixie, Tractor Supply Co., and Starbucks.

Financials

Finance Data Year 2024
Gross Operating Income $67,200 (Annual)
Net Operating Income $45,647 (Annual)

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 21-2N-28-0000-00220-0000
Zoning: R-3
Percent Occupied: 100%
Property Located Between: Hwy 87N & Sandy Ln
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1985
Year Renovated: 2022
Parking Type: Surface
Lot Frontage: 90.52

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,100 17,271 31,120
Median Age: 39.81 38.4 38.49
Households: 1,629 6,738 12,109

Contact

Photograph of Listing Agent

Harry Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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