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1502 Kirkland Rd Chipley, FL 32428

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For Sale
$914,999

Seven-unit complex, immediate income, expansion potential.

Property size:
7,916 SF

Property Features for 1502 Kirkland Rd

General Information

Property type
Residential income properties
Square Feet
7,916 SF
Lot Size
131,116 SF

Building Details

Year Built
2020

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Listing Contact
Seamus J O'Neill
Seamus J O'Neill

Listing Agency: SOUTHERN WAY REALTY, INC. Listing Agent: Seamus J O'Neill

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional multifamily investment property, located at 1502 Kirkland Road in Chipley, Florida, presents a rare opportunity to acquire a high-performing asset with significant upside potential. Built in 2020, the complex boasts a total of 7 units, comprising two 2-bedroom/2-bathroom units and five 2-bedroom/1-bathroom units. All units are currently fully leased, generating immediate and consistent rental income. The property sits on a substantial 3.01-acre lot, providing ample space and potential for future development. Furthermore, significant groundwork has already been laid for expansion. The seller has completed comprehensive engineering work, including detailed site construction plans, grading designs, and building drawings for the addition of four new townhomes. This expansion project has already received county approval, streamlining the permitting and construction process for a future owner. This turnkey investment offers a blend of immediate cash flow and exciting growth prospects, making it an ideal acquisition for savvy investors seeking a strong return on investment in a desirable Florida market. The property's 7,916 square feet of living space is well-maintained and ready for immediate occupancy by tenants. The existing units are in excellent condition, minimizing the need for immediate capital expenditures. This combination of existing income and approved expansion plans makes this a truly unique and compelling investment opportunity.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Chipley
County
Washington
State
Florida
Longitude
-85.5578
Latitude
30.77476

FAQs

What type of property is this?
Residential income property - Seven-unit complex, immediate income, expansion potential.
Where is this residential income property located?
The property is located at 1502 Kirkland Rd Chipley, FL.
What is the asking price?
The asking price for this property is $914,999.
More about this property
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