Niceville, FL 32578
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Property Details
Discover the potential of this well-maintained 8-unit apartment complex, perfectly positioned for steady rental income and future growth. The property consists of two buildings connected by a breezeway, offering a cohesive layout and convenient access for residents.Each of the eight units features 2 bedrooms, 1 full bath, a comfortable living room, a dedicated dining area, and a functional kitchen equipped with an electric oven, pantry, and refrigerator. Four units are currently tenant-occupied with varying lease terms, providing immediate income while leaving room for strategic updates or new tenants as desired.Sitting on a generously sized lot, this property offers rare development flexibility. There is ample space to expand up to 15 total units, allowing the addition of another ap Sitting on a generously sized lot, this property offers rare development flexibility. There is ample space to expand up to 15 total units, allowing the addition of another apartment building, townhomes, or even single-family homesmaking it an ideal opportunity for both seasoned investors and developers.
Located just down the road from Northwest Florida State College and nearby medical facilities, the demand for quality rental housing in this area remains strong. With its prime location, existing income, and room to grow, this property is truly a standout investment with unlimited potential.
| COUNTY | Okaloosa |
| SUBDIVISION | N/A |
| PARCEL ID | 05-1S-22-256B-0015-0080 |
| TYPE | Commercial Sales |
| STYLE | N/A |
| ACREAGE | 1 |
| LOT ACCESS | N/A |
| LOT SIZE | N/A |
| HOA INCLUDE | N/A |
| HOA FEE | N/A |
| UTILITIES | N/A |
| PROJECT FACILITIES | N/A |
| ZONING | N/A |
| PARKING FEATURES | N/A |
| APPLIANCES | N/A |
| ENERGY | N/A |
| INTERIOR | N/A |
| EXTERIOR | N/A |
| ROOM DIMENSIONS | N/A |
Schools
Location & Map
N. on Hwy 85 to right on College Blvd to right on Palm Blvd. Complex will be on the left.