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$ 6,243,750
Est. payment | /mo
1.51 Acres Lot
$ 6,243,750
Est. payment | /mo
1.51 Acres Lot
Key Details
Property Type Single Family Home, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 990826
Lot Size 1.510 Acres
Acres 1.51
Property Description
This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020--featuring updated flooring, fresh paint, windows, and fixtures--the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site laundry facility, and a separate office building with storage provides valuable operational flexibility. Major capital improvements include new metal roofs, upgraded electrical panels, and multiple HVAC and water-heater replacements, minimizing near-term CapEx exposure.
Location
State FL
County Bay
Area 27 - Bay County
Listed by Luxe Coastal Realty
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