The Toller Parkway Apartments, located at 150 S John Sims Pkwy, Valparaiso, FL 32580, is a multifamily investment opportunity comprising 8 units within two buildings. The Two Quadplexes, built in 1954, comprise of Eight 2 Bedroom, 1 Bathroom Apartments that are 750 square feet each. Both buildings were constructed with concrete block construction. All 8 units have been updated with LVP floors, painted cabinets, Formica counters, and new appliances. The property benefits from a strategic location in Valparaiso, FL, just minutes north of Eglin Air Force Base, a major regional employer and driver of housing demand. Its proximity to the base, along with nearby retail, dining, and recreation options, makes it an attractive option for tenants seeking convenience and stability. The asset presents a compelling investment opportunity, with existing rents currently below market, allowing for potential rental upside through light value-add improvements. Valparaiso continues to see steady economic activity and population growth, supported by infrastructure upgrades and increased investment in the surrounding area. These trends position the property to deliver both strong in-place cash flow and long-term appreciation potential in a tight, high-demand rental market. Investment Highlights Significant Rental Upside Strong Rental Market North of Eglin Air Force Base Located Near Strong Retail Tenants All Units Have Received Good Renovations Property located Outside of Flood Zone