6386 Sandy Lane, Milton, FL 32570

$625,000
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

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

Contract Info

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

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

General Property Info

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

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

Lot Features

Coastal Barrier Zone: No

Property Features

Class: Income Producing; 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© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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