About 6630 Applegate St
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.
Features of 6630 Applegate St
| MLS® # | 687891 |
|---|---|
| Price | $594,900 |
| Year Built | 1966 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 6630 Applegate St |
|---|---|
| Subdivision | Milton Heights |
| City | Milton |
| County | Santa Rosa |
| State | FL |
| Zip Code | 32570 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Central, Wall/Window Unit(s) |
|---|---|
| Cooling | Ceiling Fan(s), Central Air |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One, Two |
| Has Basement | No |
Exterior
| Lot Description | Central Access |
|---|---|
| Roof | Shingle |
School Information
| Elementary | W. H. Rhodes |
|---|---|
| Middle | R. HOBBS |
| High | Milton |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |