205 Marquette Street Avenue, Niceville, FL 32578 (MLS# 891653)

205 Marquette Street Avenue, Niceville, FL 32578

$1,325,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 21,780 Status: Sold

Current Price: $1,325,000 List Date: 2/21/2022 Last Modified: 10/13/2024

Description

10 unit apartment complex centrally located in Niceville close to Restaurants, Shopping and Eglin AFB. The apartments are in 2 separate buildings - one building has 6 units, one building has 4 units. 8 of the 2 story apartments are 2 bedroom 1.5 bath units are over 1000 SF each. 2 units are 2 bedroom 1.5 bath approximately 1300 SF each. All units are 2 story with Living room/Dining room/Kitchen and 1/2 bath downstairs and 2 bedrooms and full bath upstairs. The current rents range from $850 - $1175 per month. Tenants pay all utilities (water, sewer, gas, electricity, phone, cable & internet). Each unit has standard Washer & Dryer hook-ups. The current gross rent collected annually is $125,340.

More Information MLS# 891653

Contract Info

GCCMLS Number: 30789784 Listing Board: Emerald Coast List Date: 2022-02-21 List Price: $1,325,000

Location, Tax and Legal

Sub Area: 1302 - Valp No of Tom's Bayou Legal Description: BEG 313.5 FT E OF NW COR NE1/4 OF NW1/4 E 104.5 FT S 209 FT W 104.6 FT N 209 FT TO POB

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No Zoning: R-3 Acreage: 0.5

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: 10 unit apartment complex centrally located in Niceville close to Restaurants, Shopping and Eglin AFB. The apartments are in 2 separate buildings - one building has 6 units, one building has 4 units. 8 of the 2 story apartments are 2 bedroom 1.5 bath units are over 1000 SF each. 2 units are 2 bedroom 1.5 bath approximately 1300 SF each. All units are 2 story with Living room/Dining room/Kitchen and 1/2 bath downstairs and 2 bedrooms and full bath upstairs. The current rents range from $850 - $1175 per month. Tenants pay all utilities (water, sewer, gas, electricity, phone, cable & internet). Each unit has standard Washer & Dryer hook-ups. The current gross rent collected annually is $125,340.

Class

Income Producing: 1 Multi-Family: 1

Construction Status

Existing: 1

Income Producing

Year Built: 1993 Annual Gross Income: 125340 Net Operating Income: 92331 Cap Rate: 6.96 Property Type: Multi-Family

Multi-Family

# of Units: 10

None

Current Price: $1,325,000

Status Change Info

Status: Sold Under Contract Date: 2022-02-23 Sold Date: 2022-04-07 Sold Price: $1,325,000

Location Tax and Legal

Area: 13 - Niceville Street #: 205 Street Name: Marquette Street Street Suffix: Avenue State: FL Zip Code: 32578 County: Okaloosa Parcel ID: 12-1S-23-0000-0045-0000

Property Features

Class: Income Producing; Multi-Family Construction Status: Existing

Listing Office: Taylor Allen Properties LLC

Last Updated: October - 13 - 2024

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.