545740 US Highway 1 - Apartments FOR SALE


Callahan, FL 32011
$1,680,000 USD
609-304-8198
545740 US Highway 1, Callahan, FL for Sale
$1,680,000 USD
Apartments - FOR SALE
1/9
null | 5.81% Cap Rate

545740 US Highway 1
Callahan, FL 32011


HIGHLIGHTS

  • The North Coast Apartments represent an excellent value-add multifamily investment in Callahan, Florida. The subject property comprises one (1) garden
  • This offer includes: 12 Unit APT COMPLEX (12 Rental Units & Additional parcel .58 LOT - ZONED GENERAL COMMERCIAL 1.60-acres Built/Renovated: 19

OVERVIEW

The North Coast Apartments represent an excellent value-add multifamily investment in Callahan, Florida. The subject property comprises one (1) garden-style single-story building with board and batten exteriors, featuring 12 units on 1.02 acres. This complex is comprised of (2) 2bd/2ba, (2) 2bd/1ba, (8) 1bd/1ba units. An adjacent parcel is included in the sale featuring another .58 AC zoned General Commercial. A total of 1.68 Acres and endless possibilities for increased cash flow including Garages / Storage, a Single-family dwelling for an added on-site manager/office, and much more.

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

12

PRICE/UNIT

$140,000

CAP RATE

5.81%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Coast Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

CG

APN/PARCEL ID

37-3N-24-0000-0005-0010

ASK ABOUT THIS PROPERTY

Shawn DrudingCres Corp InternationalMore Info
609-304-8198

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Shawn DrudingCres Corp InternationalMore Info
609-304-8198

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