$1,600,000
For Sale

40 4Th Avenue

Shalimar, FL 32579
#969018
Browse 8 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Introducing an exceptional investment opportunity in the heart of Shalimar! This 12-unit multifamily property delivers a solid NOI of $81K, with a 4% rent increase already secured for 2025. All units are fully leased with no vacancies, ensuring steady income from day one. The seller is offering a stellar financing package: 40% down at 6.5% interest for 36 months. Enjoy no payments for the first 3 months and interest-only payments for the following 9 months, giving you the perfect window to build reserves and optimize early cash flow. Subject to credit approval and additional terms.The property features three duplex buildings, each with 2-bedroom, 1-bath units at 812 sqft, complete with carports

  • Property Details
      • Lot Size316X160 APPROXIMATELY
      • Property TypePurchase
      • Cost1600000
      • MLS #969018
      • MLS #969018
      • Pool1
      • Property SubtypeE

Location

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Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.


Last Updated: . Source: ECAR

Listing Courtesy
Listing Agent:  (#20140605164133433935000000)
Listing Office: Keller Williams Realty FWB (#20140321132001525377000000)

Shelley AucoinReal Estate Group

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    Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.