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$ 1,350,000
Est. payment | /mo
10,658 SqFt
$ 1,350,000
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 $126
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
**ANOTHER SIGNIFICANT PRICE REDUCTION -- INVESTORS, NOW IS THE TIME!** Deerwood Apartments presents an exceptional opportunity to acquire a **100% occupied, 16-unit multifamily investment** with immediate cash flow, substantial recent capital improvements, and tremendous upside potential! Featuring (8) 1BR/1BA units and (8) 2BR/1BA units, this stabilized asset has benefited from approximately **$350,000 in recent improvements**, including a new septic system, new parking lot, complete exterior repaint, updated on-site laundry facility providing additional income, eight fully renovated units, eight refreshed units, and a roof replaced in 2019. With strong in-place income, below-market rents, and minimal anticipated near-term capital expenditures, investors have a compelling opportunity to increase NOI without taking on a major renovation project. Ideally situated near I-10 and the growing Highway 77 corridor, Deerwood benefits from convenient access to employment, shopping, and everyday amenities. **Whether you're acquiring your first multifamily property or expanding an established portfolio, THIS IS ONE TO TAKE SERIOUSLY!** Ownership has made another meaningful price adjustment and is ready to entertain serious offers. **The heavy lifting has been done, the income is already flowing, and the opportunity to capture additional value is yours. Don't wait for another investor to recognize what this property has to offer!**
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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