222 Runnymeade Dr, Crestview, FL 32539
10 Unit Apartment Building | $1,450,000 ($145,000/Unit) | Crestview, FL 32539
For Sale
Active
16 pictures
Asking Price $1,450,000
- Property Type
-
Multifamily
- Square Feet
- 9,510 SF
Listing Contacts
Andrew Green
- Property Info
Property Overview
Crestview Townhomes is a 10-unit townhome property located in Crestview, Florida. The two buildings each have five units and were constructed in 2005 with frame construction on concrete foundation. Crestview Townhomes has a favorable unit mix consisting off all two-bed & one and a half bathroom units which average 951 square feet each.
This property is also being offered together with Spanish Trace Apartments, a 14-unit property approximately 20 minutes away.
Please contact Andrew Green ([email protected]) to discuss the offering.
This property is also being offered together with Spanish Trace Apartments, a 14-unit property approximately 20 minutes away.
Please contact Andrew Green ([email protected]) to discuss the offering.
Property Details
- Class
- C
- Year Built
- 2005
- Stories
- 2
- Lot Size (sq. ft)
- 30,928 SF
- Units
- 10
Highlights
- 10 unit community on .71 acres
- All units are 2 bed/1.5 bath and ~951 SF
- Current rents are ~11% below market value
- Cap Rate potential of 7.15% after year 1 by adjusting rents to market levels.
- 11 minutes from Shoal River Ranch Gigasite which is expected to bring 350 high paying jobs to local marketplace
Nearby Properties
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