28 Garden Lane, Niceville, FL 32578 (MLS# 864114)

28 Garden Lane, Niceville, FL 32578

$6,400,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 206,474 Status: Sold

Current Price: $6,800,000 List Date: 4/27/2021 Last Modified: 10/13/2024

Description

62 apartments and a separate building for the laundromat. Has a great cash flow currently for the rental apartments. 32 apartments are rented to the athletes at Northwest Florida State College. Unit Breakdowns include the following: 44 2BR/1BA, 4 2BR/2BA, 8 1BR/1BA, 6 3BR/2BA. Half of them have laundry rooms, plenty of parking and maintenance is up-to-date. A leaseback of 32 units is required for this sale. Ask for a copy of leaseback terms.

More Information MLS# 864114

Contract Info

GCCMLS Number: 30723556 Listing Board: Emerald Coast List Date: 2021-02-06 List Price: $6,800,000

Location, Tax and Legal

Sub Area: 1305 - Niceville North Property Name: College Courtyard Legal Description: VALPARAISO P/C 3 LOTS 1-6 BLK 9 & RDAS OR 793-710

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No Acreage: 4.74

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: 62 apartments and a separate building for the laundromat. Has a great cash flow currently for the rental apartments. 32 apartments are rented to the athletes at Northwest Florida State College. Unit Breakdowns include the following: 44 2BR/1BA, 4 2BR/2BA, 8 1BR/1BA, 6 3BR/2BA. Half of them have laundry rooms, plenty of parking and maintenance is up-to-date. A leaseback of 32 units is required for this sale. Ask for a copy of leaseback terms.

Class

Multi-Family: 1

Construction Status

Existing: 1

Multi-Family

Year Built: 1987 # of Units: 62 # Buildings: 8 # Stories/Buildings: 2

None

Current Price: $6,400,000

Status Change Info

Status: Sold Under Contract Date: 2021-06-15 Sold Date: 2021-07-26 Sold Price: $6,400,000

Location Tax and Legal

Area: 13 - Niceville Street #: 28 Street Name: Garden Street Suffix: Lane State: FL Zip Code: 32578 County: Okaloosa Parcel ID: 05-1S-22-256C-0009-0010

Property Features

Class: Multi-Family Construction Status: Existing

Listing Office: ERA American Real Estate

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.