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4260 Highway 90 , 36-55

Pace, FL 32571
  • $1,800,000
  • STATUS: Active
  • ON SITE: 94 Days
  • MLS #: 901970
$1,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Turnkey apartment complex consisting of five garden style buildings housing 20 units in the rapidly growing community of Pace, FL! The complex includes four 1 bedroom, 1 bath units that are roughly 725 square feet and sixteen 2 bedroom, 1 bath units at about 800 square feet. Many of the apartments have been updated with either tile or LVP flooring, new paint, new fixtures, and neutral tones. Plenty of value add opportunity is available for the new owner in the remaining units that have had loyal tenant populations over the last 3+ years. Additional upgrades include roof replacements of all five buildings in 2020 and 2021, parking lot resurfacing in 2020, and multiple HVAC units and water heaters replaced in the last 5 years. Property rents quickly upon turnovers

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© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or 30a Beach Homes For Sale | Berkshire Hathaway HomeServices Beach Properties of Florida. Vendor Member number: 28178. Data last updated: 2022-09-26T23:59:21.063.
Vendor Member #28178.
www.30abeachhomesforsalesearch.com/homes/130220126
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4260 Highway 90 , 36-55 Pace, FL 32571

  • Price: $1,800,000
  • Status: Active
  • On Site: 94 Days
  • MLS #: 901970
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
North Santa Rosa County
County:
Santa Rosa
Area:
North Santa Rosa County
Property Description
Turnkey apartment complex consisting of five garden style buildings housing 20 units in the rapidly growing community of Pace, FL! The complex includes four 1 bedroom, 1 bath units that are roughly 725 square feet and sixteen 2 bedroom, 1 bath units at about 800 square feet. Many of the apartments have been updated with either tile or LVP flooring, new paint, new fixtures, and neutral tones. Plenty of value add opportunity is available for the new owner in the remaining units that have had loyal tenant populations over the last 3+ years. Additional upgrades include roof replacements of all five buildings in 2020 and 2021, parking lot resurfacing in 2020, and multiple HVAC units and water heaters replaced in the last 5 years. Property rents quickly upon turnovers
Property Features

Business Name Deer Run Apartments New Construction YN No Property Class Commercial Property Condition Existing Zoning R3 - Multi 10+

Listing courtesy of Nexthome Cornerstone Realty: (850) 389-8787.


© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or 30a Beach Homes For Sale | Berkshire Hathaway HomeServices Beach Properties of Florida. Vendor Member number: 28178. Data last updated: 2022-09-26T23:59:21.063.
Vendor Member #28178.
 
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