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    545740 Us-1 Callahan, FL 32011

    For Sale
    $1,680,000

    Callahan, FL Multifamily Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 12-unit apartment complex in Callahan, Florida, presents a compelling investment opportunity. The property consists of a single, renovated (2023) garden-style building situated on a 1.68-acre lot, including a 0.58-acre commercially zoned parcel. The building features a mix of unit sizes: two 2-bedroom/2-bathroom units, two 2-bedroom/1-bathroom units, and eight 1-bedroom/1-bathroom units. Currently boasting 92% occupancy and a Net Operating Income (NOI) of $97,602, resulting in a 5.81% cap rate, the property offers a strong foundation for immediate cash flow. Average monthly rent is approximately $1,150 per unit. A separate laundry facility generates additional income, averaging $350 per month. The expansive lot size presents significant potential for expansion, including adding garages, storage units, or even a manager's residence, leveraging the adjacent commercially zoned land. The asking price is $1,680,000 ($140,000 per unit). Detailed financial projections are available upon request. This turnkey property is ready for a new owner to capitalize on its existing income and substantial growth opportunities. The included commercially zoned land allows for various expansion options, as detailed in the Nassau County Code of Ordinances, Section 16.01 (link available upon request).

    Property Features for 545740 Us-1

    General Information

    Property type
    Multifamily properties
    Lot Size
    73,181 SF

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Units
    12

    HighLights

    • Strong current rents averaging $1150/unit/month offer significant value‑add potential.
    • 92% occupancy and turnkey condition ensure immediate cash flow.
    • Ready for expansion; permitted uses detailed in Section 16.01 of Nassau County Code of Ordinances (link provided).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Callahan
    County
    Nassau
    State
    Florida
    Longitude
    -81.8715632
    Latitude
    30.6483541

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    FAQs

    What type of property is this?
    Multifamily property - Callahan, FL Multifamily Investment
    Where is this multifamily property located?
    The property is located at 545740 Us-1 Callahan, FL.
    What is the asking price?
    The asking price for this property is $1,680,000.
    What are key features of this property?
    This property features: Strong current rents averaging $1150/unit/month offer significant value-add potential.; 92% occupancy and turnkey condition ensure immediate cash flow.; Ready for expansion; permitted uses detailed in Section 16.01 of Nassau County Code of Ordinances (link provided).
    Request Owner's contact information
    545740 Us-1 Callahan, FL 32011
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    Callahan, FL 32011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    545740 Us-1 Callahan, FL 32011
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