Investment Opportunity Quadplex For Sale
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30872971 |
| Property Subtypes: |
Duplex/Fourplex
|
| Status: |
Pending/Contingent |
| 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: |
7/26/2024 |
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 |
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 |
|
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Neither Gulf Coast CMLS nor
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