110 Freesia Street - Apartments FOR SALE


Everglades City, FL 34139
$1,200,000 USD
850-938-2650
110 Freesia Street, Everglades City, FL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/15
null | 13% Cap Rate

110 Freesia Street
Everglades City, FL 34139


HIGHLIGHTS

  • Can be rented seasonal or local
  • Dock is leased from the city with two slips
  • Centrally Located

OVERVIEW

I am seeking offers for my 8-unit multi-family apartment complex in Everglades City, featuring two quads that have undergone recent renovations incorporating flood mitigation measures. The units consist of 1 bedroom, 1 bathroom, 640 sq. ft. with an enclosed porch, except for three of units having 714 sq. ft. without a porch. Half are fully rented at $1,600/month, while the others are seasonally rented between $100-150/night. The complex occupies three 0.33-acre lots, with one serving as parking and holding potential for additional development thanks to commercial multi-family zoning. The units are deeded individually with each owning 1/8 of the common areas. Offers in the range of $1.2 million, or $150,000 per unit, are being entertained.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

8

PRICE/UNIT

$150,000

CAP RATE

13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

Multi-Family, Commercial

APN/PARCEL ID

83477500024

ASK ABOUT THIS PROPERTY

Roberto CarballoProex Services IncMore Info
850-938-2650

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Roberto CarballoProex Services IncMore Info
850-938-2650

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.