Catylist ID:
#30876932
| Catylist Listing ID: | 30876932 |
| Property Subtypes: | Duplex/Fourplex |
| Number of Units: | 20 Units |
| Building Size (RSF): | 17,740 SF |
| Gross Land Area: | 2 Acres |
| Sale Price: | $4,100,000 |
| Unit Price: | $205,000 Per Unit |
| Property Use Type: | Investment |
| Building Name: | Whiting Ridge Apartments |
| Usable Size (USF): | 887 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 100 |
| Last Updated: | 9/5/2024 |
Overview / Comments
|
Great investment opportunity with this multi-family complex just north of Milton, Florida. Convenient to Whiting Field and other areas north of Milton. Complex is 100% leased. Existing rental per unit is $1,275 per month. (additional pet fees are not included) $25,500 monthly GRI. Call listing agent for viewing instructions and financial details. Financials (P&L's) to be issued upon the execution of a CA between potential buyer and seller. Please do not visit the complex without contacting the listing agent. Appointments to view units will need to be scheduled in advance, due to 100% occupancy of the complex. |
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Santa Rosa |
| Taxing Authority: | Santa Rosa County |
| Tax ID/APN: | 16-2N-28-0000-07200-0000 |
| Zoning: | R-3 RESIDENTIAL |
| Percent Occupied: | 100% |
| Property Located Between: | SR 89 and Whitney Polk Ct |
| Highway Access: | Banyan Drive |
| Airports: | Pensacola International Airport |
| Site Description: | Convenient location just north of Milton and south of NAS Whiting Field. |
| Total Number of Buildings: | 10 |
| Property Condition: | Excellent |
| Number of Stories: | 1 |
| Year Built: | 2024 |
| Roof Type: | Hip |
| Construction/Siding: | Brick/Vinyl Siding |
| Exterior Description: | Brick |
| Parking Type: | Surface |
| Parking Description: | Shared |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Fuel: | Electric |
| Air Conditioning: | Engineered System |
| Internet Access: | Cable |
| Zoning Description: | R-3 (Medium High Density Residential) |
| Lot Frontage: | 140 |
| Lot Depth: | 450 |
| Water Service: | Municipal |
| Sewer Type: | Septic |
| Land Ownership: | Fee Simple |
| Legal Description: | *DESCRIPTION UPDATE FOR 2023* COM AT SE CORN NW4 THN S89*59'44" W 1016.52 FT THN N00*01'29"W 20.05 FT TO POB THN S89*05'35"W 210.25 FT THN N00*01'29"W 460.01 FT TO S R/W OF BANYAN DR THN S88*21'36"E ON R/W 210.31 FT THN S00*01'29"E 450.65 FT TO POB LESS OR 2809 PG 111 (NOW #3.75) LESS ALL MINERAL RIGHTS ALL AS DES IN OR 4388 PG 888 |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 15,037 | 33,262 |
| Median Age: | 38.46 | 38.3 |
| Households: | 5,819 | 12,927 |
Contact
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions. |
