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Listed by Jennifer Amberg • Palm Island Realty Group, LLC
$595,000
Est. payment /mo
3,543 SqFt
New
6630 Applegate St Milton, FL 32570
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,543 sqft
Price per Sqft $167
Subdivision Milton Heights
MLS Listing ID 687891
HOA Y/N No
Year Built 1966
Property Sub-Type Apartment
Source Pensacola MLS
Property Description
Unique 6-unit multifamily investment opportunity in Milton. Situated on approximately 0.44 acres, this property offers a desirable mix of unit sizes consisting of a 2-bedroom, 1-bathroom duplex plus four 1-bedroom, 1-bathroom units, all located on the same parcel. The property is currently 1 of 6 units occupied, creating an excellent opportunity for an investor to immediately lease the remaining five units and establish the property at current rental rates. The occupied 2-bedroom unit is currently rented at $1,245 per month. The second 2-bedroom unit is offered at $1,245 per month, while the four 1-bedroom units are offered at $895 per month. The property offers an attractive combination of existing income and significant immediate lease-up potential at a great purchase price. Additional portfolio opportunity available: Seller also owns a 12-unit complex of updated 1-bedroom apartments and an 8-unit complex of updated 2-bedroom apartments nearby. Seller is willing to consider a package transaction, creating a rare opportunity to acquire up to 26 multifamily units in close proximity. Properties may also be purchased separately.
Location
State FL
County Santa Rosa
Interior
Heating Central, Wall/Window Unit(s)
Cooling Ceiling Fan(s), Central Air
Flooring See Remarks
Exterior
View Y/N No
Roof Type Shingle
Building
Lot Description Central Access
Faces Stewart Street North from 90, approximately 1.8 Miles to Left on Applegate. Property on the Right. Duplex and Quad Building on Same Parcel.
Story 1
New Construction No
Others
Tax ID 342N282470017000090
Special Listing Condition As Is
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