5378 Alabama St - Multi-Family FOR SALE


Milton, FL 32570
$329,000 USD
850-530-4921
5378 Alabama St, Milton, FL for Sale
$329,000 USD
Multi-Family - FOR SALE
1/12
null | Request Cap Rate

5378 Alabama St
Milton, FL 32570


HIGHLIGHTS

  • Includes five existing homes across 1.13 acres, delivering immediate income potential.
  • Survey completed for parcel subdivision, with new legal description to be recorded at closing.
  • Corner lot portion at Alabama St and Hunt St identified as a potential build site.
  • Homes mix: four 2-bedroom/1-bath units and one 1-bedroom/1-bath unit.
  • Offered in a location with access to local amenities and major transportation routes.
  • Rent history documentation available upon request.

OVERVIEW

This is a rare opportunity to own a 1.13-acre parcel featuring five separate income-producing homes in Milton, Florida. The portfolio comprises 5378 Alabama St, 5374 Alabama St, 6794 Hunt St, 5374 Hunt Ct, and 5380 Hunt Ct, offering diverse rental income streams. All residences are 2-bedroom, 1-bath layouts, except for 5374 Hunt Ct, which is a 1-bedroom, 1-bath home. The property has been surveyed for subdivision with a new parcel number and legal description to be recorded at closing, creating potential flexibility for future development or resale options. One of the prospective build sites occupies a prominent corner of Alabama St and Hunt St, adding further value to this investment. Rent history can be provided to support the income potential. Due to the composition of multiple homes on a single parcel, financing will most likely require a commercial loan. Utilities include public water and sewer, and all homes are currently on-site. This is a compelling acquisition for investors seeking immediate cash flow from an established rental base and the opportunity to reposition for greater long-term returns.

FOR SALE DETAILS

PRICE

$329,000 USD

PRICE/SF

$59 USD /SF

# OF UNITS

5

PRICE/UNIT

$65,800

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

03-1N-28-2530-00100-0010

ASK ABOUT THIS PROPERTY

Alan T. TrammellLevin Rinke RealtyMore Info
850-530-4921

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Alan T. TrammellLevin Rinke RealtyMore Info
850-530-4921

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