4260 Highway 90

Pace, FL 32571 | No submarkets found in this County.

$1,800,000

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Listing Courtesy of

Jennifer Wilson

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 feel and sixteen 2 bedroom, 1 bathroom units at about 800 square feet. The majority of the apartments have been updated with either tile or LVP flooring, new paint, new fixtures, and neutral tones. Some 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 Details

Property Type Multi-Family Status Active MLS # 30803947

structure

Total Baths 0 construction materials Brick, Wood Frame, Wood Siding cooling Package Unit exterior features Five garden style buildings with four units each. Exterior have brick and wood siding, and all buildings have new roofs (2020). heating Electricity interior features The majority of the Deer Run Apartments have been renovated with either tile or LVP flooring, updated fixtures, and neutral colors. Of the twenty u its, 4 are 1 bedroom, 1 bath units, and 16 are 2 bedroom, 1 bath units. Approximately 15 have been updated allowing for a value add opportunity for the owner once the loyal tenant population vacates. Kitchens include full size refrigerator and stove with hood vent.; roof Hip stories 1 stories total 1 year built 1984

characteristics

lot size units acres # of Buildings 5 # of Units 20

tax

parcel number 10-1N-29-0000-02302-0000 tax annual amount 9006.0 zoning R3 - multi family 10+

financial

gross income 159000.0 net operating income 81000.0

contract

listing terms Cash to Seller

compensation

Buyer Agency Comp. 2% Non-Rep Comp. 0
The buyer agent compensation offered only applies to participants and data share participants of the Gulf Coast CMLS.