590-592 Hill Ln - Apartments FOR SALE
Niceville, FL 32578 |
$1,400,718 USD
813-424-9797
590-592 Hill Ln
Niceville, FL 32578
HIGHLIGHTS
- 100% occupied — all 10 units leased at $1,341 avg in-place rent
- $19,080 annual loss to lease; 12% avg upside captured through natural turnover
- Priced at $140,000/unit — 22% below most recent Niceville trade
- 2.5 miles to Eglin AFB; Government & Defense = 28% of area employment
- All 10 units identical 2BD/1.5BA townhomes — single floor plan simplifies ops
- Niceville population up 13.6% since 2020; median HH income $102,409
FOR SALE DETAILS
PRICE
$1,400,718 USD
PRICE/SF
$147 USD /SF
# OF UNITS
6
PRICE/UNIT
$233,453
CAP RATE
7.52%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1987
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.21 AC
LAND SF
9,078 SF
ZONING
-
APN/PARCEL ID
12-1S-23-0000-0037-0110
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813-424-9797
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813-424-9797
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