40 4Th Ave Shalimar, FL 32579
Fully leased 12-unit multifamily property in Shalimar with secured rent increase.
Lot size:
0.06 AcresProperty Features for 40 4Th Ave
General Information
- Lot size
- 0.06 Acres
Source: Keller Williams Realty FWB
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Shalimar Multifamily Investment Opportunity
This multifamily property in Shalimar features 12 units and delivers a net operating income of $81,000. A 4% rent increase is already secured for 2025. The property is fully leased with no vacancies. It includes three duplex buildings, each featuring 2-bedroom, 1-bath units with a size of 812 square feet. Each unit also includes carports.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Shalimar
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.575656
- Latitude
- 30.4387679
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FAQs
What type of property is this?
Apartment building - Fully leased 12-unit multifamily property in Shalimar with secured rent increase.
Where is this apartment building located?
The property is located at 40 4Th Ave Shalimar, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Solid $81K Net Operating Income (NOI).; - 100% occupancy with all 12 units fully leased.; - Secured 4% rent increase for 2025.