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Listing Details
- $1,425,000
- MLS# 990830
- Type Commercial - Business
- Status Active
Listed By
Agency Name: Luxe Coastal Realty
Shown By
Agency Title: Levin Rinke Realty
Agency Phone: 850-916-5050
Home Value Estimate
Description
ANOTHER $100,000 PRICE REDUCTION! Deerwood Apartments is a fully occupied 16-unit multifamily asset offering immediate cash flow, significant recent capital improvements, and exceptional upside potential. The property features (8) 1BR/1BA units and (8) 2BR/1BA units, with approximately $350,000 invested in upgrades including a new septic system, new parking lot, full exterior repaint, updated on-site laundry facility (additional income stream), eight fully renovated units, eight refreshed units, and a 2019 roof. Strong in-place income, below-market rents, and minimal near-term capital expenditures create a clear path to increasing NOI. Conveniently...read more
Features
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Listed By
Agency Name: Luxe Coastal Realty
Shown By
Agency Title: Levin Rinke Realty
Agency Phone: 850-916-5050
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