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507 Amos St Crestview, FL 32539

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Stabilized 10-unit apartment building built in 2021.

Property Features for 507 Amos St

General Information

Standard status
Active

Building Details

Year built
2021

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Listing Contact
Nick Hull
Nick Hull
Source: Crexi

Listing Agency: Hull Multifamily Advisors Listing Agent: Nick Hull

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

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Overview

Crestview Multifamily Investment Opportunity

The Sage Tree Apartments, constructed in 2021, offer a multifamily investment opportunity in Crestview, FL. This single-building asset comprises ten apartments, each featuring two bedrooms and one bathroom within an 840 square foot layout. The property includes amenities such as individual entrances, ample parking, and dishwashers. All utilities are individually metered, with tenants responsible for electricity and water expenses. The property is presented as a stabilized, cash-flowing asset with potential for value enhancement. Current rents are below market averages compared to similar properties, presenting an opportunity to increase rents and cash flow. Historically, the property has maintained occupancy levels near 100%. The location and cash flow make this an attractive investment.
Location Intelligence

Current Use by Public Records

Sage Tree Apartments Apartment Building

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

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City
Crestview
County
Okaloosa
State
Florida
Longitude
-86.5629165
Latitude
30.7563

FAQs

What type of property is this?
Apartment building - Stabilized 10-unit apartment building built in 2021.
Where is this apartment building located?
The property is located at 507 Amos St Crestview, FL.
What are key features of this property?
This property features: - Newly constructed in 2021, minimizing potential maintenance costs.; - Stabilized cash flowing asset with historically high occupancy rates (near 100%).; - Significant value-add opportunity through raising rents to market rates ($75-$150 below comparable properties).
More about this property
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