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Multifamily

Riverwood Apartments

342 Riverwood Dr, Crestview, FL 32536

Listing Price: Request For Offer

Number of Units
130
Gross SF
115,000

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Riverwood Apartments, a 130-unit multifamily community in Crestview, Florida. The offering represents a highly coveted, garden-style community located in Florida’s thriving Panhandle. The property offers a mix of spacious 1-bedroom and 2-bedroom floorplans with a host of exciting amenities designed to complement Crestview’s most convenient luxury community, including a sparkling pool, elegant clubhouse, 24-hour business center, 24-hour fitness center, basketball/sport court, and a dry sauna. Interior unit amenities include ceiling fans, patio/balcony, wood-grain vinyl flooring, central air conditioning, and washer/dryer hookups for all units.

Investment Highlights

  • Riverwood is situated in the Crestview market along the Florida Panhandle which is experiencing some of the highest organic rent growth in the nation.
  • Riverwood offers an opportunity to acquire a highly attractive, highly amenitized residential community that is currently 100% occupied and driving strong operating performance.
  • Average rents within Crestview have increased 21% year-over-year, providing new ownership the ability to organically increase rents at the property and immediately boost operating performance.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: Request For Offer

Number of Units
130
Gross SF
115,000

Investment Highlights

  • Riverwood is situated in the Crestview market along the Florida Panhandle which is experiencing some of the highest organic rent growth in the nation.
  • Riverwood offers an opportunity to acquire a highly attractive, highly amenitized residential community that is currently 100% occupied and driving strong operating performance.
  • Average rents within Crestview have increased 21% year-over-year, providing new ownership the ability to organically increase rents at the property and immediately boost operating performance.

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Riverwood Apartments, a 130-unit multifamily community in Crestview, Florida. The offering represents a highly coveted, garden-style community located in Florida’s thriving Panhandle. The property offers a mix of spacious 1-bedroom and 2-bedroom floorplans with a host of exciting amenities designed to complement Crestview’s most convenient luxury community, including a sparkling pool, elegant clubhouse, 24-hour business center, 24-hour fitness center, basketball/sport court, and a dry sauna. Interior unit amenities include ceiling fans, patio/balcony, wood-grain vinyl flooring, central air conditioning, and washer/dryer hookups for all units.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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