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$ 1,525,000
Est. payment | /mo
10,658 SqFt
$ 1,525,000
Est. payment | /mo
10,658 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,658 sqft
Price per Sqft $143
Subdivision [No Recorded Subdiv]
MLS Listing ID 782383
HOA Y/N No
Year Built 1982
Lot Size 1.270 Acres
Acres 1.27
Property Sub-Type Multi Family
Property Description
INVESTORS -- $50K PRICE REDUCTION. Deerwood Apartments is a fully occupied 16-unit multifamily asset offering immediate cash flow and clear upside. Unit mix includes (8) 1BR/1BA and (8) 2BR/1BA units. Recent ~$350K in improvements: new septic, parking lot, exterior paint, updated laundry facility (additional income), plus 8 fully renovated units and 8 refreshed units. Roof replaced 2019. Strong in-place income with below-market rents provides a path to increased NOI. Located near I-10 and the growing Hwy 77 corridor with consistent rental demand. Turnkey asset with minimal CapEx and built-in upside at a newly improved price.
Location
State FL
County Washington
Area 10 - Washington County
Interior
Fireplace No
Exterior
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Tax ID 00000000-00-2072-0008
Special Listing Condition Listed As-Is
Listed by Luxe Coastal Realty Group LLC
Nearby Locations
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