Multifamily
Spanish Trace
203 W John Sims Pkwy, Niceville, FL 32578
Listing Price: $2,400,000
Cap Rate
5.99%
GRM
9.65
Investment Overview
12 residential units with two commercial spaces located in Niceville, FL
Spanish Trace
Investment Highlights
- 12 residential units with two commercial spaces located in Niceville, FL
- Ability to reach a 7% cap rate in year two by implementing value-add strategy and bringing rents up to market
- All units are two bedrooms and are a sizable 900 square feet
- Both commercial spaces are 100% occupied with leases in place
- Both commercial spaces are 100% occupied with leases in place
- Situated directly adjacent from the Boggy Bayou with direct access to Choctawhatchee Bay for fishing, paddleboarding, kayaking and boating
- Located directly on the John Sims Highway with an average traffic count of 47,500 vehicles per day
Exclusively Listed By
Financing By
Investment Highlights
- 12 residential units with two commercial spaces located in Niceville, FL
- Ability to reach a 7% cap rate in year two by implementing value-add strategy and bringing rents up to market
- All units are two bedrooms and are a sizable 900 square feet
- Both commercial spaces are 100% occupied with leases in place
- Both commercial spaces are 100% occupied with leases in place
- Situated directly adjacent from the Boggy Bayou with direct access to Choctawhatchee Bay for fishing, paddleboarding, kayaking and boating
- Located directly on the John Sims Highway with an average traffic count of 47,500 vehicles per day
Investment Overview
12 residential units with two commercial spaces located in Niceville, FL
Exclusively Listed By
Financing By
