6630 Applegate St, Milton, FL 32570
6630 Applegate St, Milton, FL 32570
6630 Applegate St, Milton, FL 32570
6630 Applegate St, Milton, FL 32570
6630 Applegate St, Milton, FL 32570
6630 Applegate St, Milton, FL 32570
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Stephanie McBride

Stephanie McBride

+1(251) 360-0568
Listed by Jennifer Amberg • Palm Island Realty Group, LLC
$ 595,000
Est. payment | /mo

3,543 SqFt

Save
$ 595,000
Est. payment | /mo
Save

3,543 SqFt

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

Nearby Locations

Stephanie McBride

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(251) 360-0568

stephanie@anotherdoorprop.com

1 Chase Corporate Drive Suite 400, Birmingham, AL 35244, United States

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6630 Applegate St