6386 Sandy Lane, Milton, FL 32570 (MLS# 950748)

6386 Sandy Lane, Milton, FL 32570

$625,000

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Property Type: Commercial for Sale Lot Size (sq. ft.): 13,068 Status: Sold

Current Price: $640,000 List Date: 5/25/2024 Last Modified: 10/13/2024

Description

Investment Opportunity 4-plex in Milton, FL. Be a Resident Owner w/VA Financing available, or Conventional Financing with 20-25% Down with all of the units rented. Property is +/- 0.29 acres, with 90.52 feet of frontage along Sandy Lane. The property features four units, each having a total SF of 1,120, 960 SF of living area. Perfect for the owner to use as a primary residence while leasing out the remainder. One lease expires June 2024; it would be available for the new owner. Zoned R3 - Medium High-Density Residential, located along Hwy 87 (16,317 AADT). Property is near the Naval Air Station Whiting Field, Santa Rosa Medical Center, Santa Rosa Christian School, and King Middle School. Nearby national/credit tenants include Publix, Winn-Dixie, Tractor Supply Co., and Starbucks

More Information MLS# 950748

Contract Info

GCCMLS Number: 30872971 Listing Board: Emerald Coast List Date: 2024-05-21 List Price: $640,000

Location, Tax and Legal

Sub Area: 1001 - Milton Legal Description: DESCRIPTION UPDATED FOR 2022 UNIT 1: COM AT NE CORN OF NW4 OF NE4 SECTION 21 TOWNSHIP 2 NORTH RANGE 28 WEST THN S 643.20 FT TO N R/W OF SANDY LN THN S90 0'W ON R/W 1142.58 FT TO POB & CONT 24.42 FT THN N0 37'04''W 140 FT THN N90 0'E 24.25 FT THN S0 41'14''E 140 FT TO POB (FORMER #2.23) & UNIT 2: COM AT NE CORN OF NW4 OF NE4 SECTION 21 TOWNSHIP 2 NORTH RANGE 28 WEST THN S 643.20 FT TO N R/W OF SAN

General Property Info

Listed on GCCMLS: Yes Vacant: No Lot SqFt: 13013 Immediate Occupancy: No Lot Depth: 142 Zoning: R3 Lot Frontage: 91 Future Land Use: Medium High Density Residential Acreage: 0.3

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Investment Opportunity 4-plex in Milton, FL. Be a Resident Owner w/VA Financing available, or Conventional Financing with 20-25% Down with all of the units rented. Property is +/- 0.29 acres, with 90.52 feet of frontage along Sandy Lane. The property features four units, each having a total SF of 1,120, 960 SF of living area. Perfect for the owner to use as a primary residence while leasing out the remainder. One lease expires June 2024; it would be available for the new owner. Zoned R3 - Medium High-Density Residential, located along Hwy 87 (16,317 AADT). Property is near the Naval Air Station Whiting Field, Santa Rosa Medical Center, Santa Rosa Christian School, and King Middle School. Nearby national/credit tenants include Publix, Winn-Dixie, Tractor Supply Co., and Starbucks

Class

Income Producing: 1 Multi-Family: 1

Construction Status

Existing: 1

Lot Features

Coastal Barrier Zone: No

Income Producing

Property Type: Multi-Family

Multi-Family

Year Built: 1985 Building SqFt: 4480 # of Units: 4 Price P/Unit: 160000 Scheduled Income: 67200 Expenses: 21553 Cash Flow: 45647 # Buildings: 1 # Stories/Buildings: 2

None

Current Price: $625,000

Status Change Info

Status: Sold Under Contract Date: 2024-06-25 Sold Date: 2024-07-30 Sold Price: $625,000

Location Tax and Legal

Area: 10 - North Santa Rosa County Street #: 6386 Street Name: Sandy Street Suffix: Lane State: FL Zip Code: 32570 County: Santa Rosa Parcel ID: 21-2N-28-0000-00220-0000

Property Features

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

Documents

Offering Memorandum ›

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.