6630 Applegate St, Milton, FL 32570

Property Description

Unique 6-unit multifamily investment opportunity in Milton. Situated on approximately 0.44 acres, this property offers a desirable mix of unit sizes consisting of a 2-bedroom, 1-bathroom duplex plus four 1-bedroom, 1-bathroom units, all located on the same parcel. The property is currently 1 of 6 units occupied, creating an excellent opportunity for an investor to immediately lease the remaining five units and establish the property at current rental rates. The occupied 2-bedroom unit is currently rented at $1,245 per month. The second 2-bedroom unit is offered at $1,245 per month, while the four 1-bedroom units are offered at $895 per month. The property offers an attractive combination of existing income and significant immediate lease-up potential at a great purchase price. Additional portfolio opportunity available: Seller also owns a 12-unit complex of updated 1-bedroom apartments and an 8-unit complex of updated 2-bedroom apartments nearby. Seller is willing to consider a package transaction, creating a rare opportunity to acquire up to 26 multifamily units in close proximity. Properties may also be purchased separately.