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240 Clarence Avenue

Other, FL
  • $9,500,000
  • STATUS: Active
  • ON SITE: 112 Days
  • MLS #: 900407
UPDATED: 23 min ago
$9,500,000
  • 0
    BEDS
  • 7.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Welcome to Mona Lisa Apartments! This property, nestled between New LLano and Leesville, offers the multifamily investor an opportunity to acquire a well-maintained asset located in a limited supply submarket with a higher than average rental base. Additionally, this asset has a rent delta of $134-$164 on average per unit vs. the market leading assets and should be able to easily close the gap with a limited value add campaign and management push to maximize returns.

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© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or John Martin Group | Berkshire Hathaway HomeServices PenFed Realty. Vendor Member number: 28178. Data last updated: 2022-09-27T22:59:21.49.
Vendor Member #28178.
www.johnmartin30a.com/homes/129553002
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240 Clarence Avenue Other, FL

  • Price: $9,500,000
  • Status: Active
  • On Site: 112 Days
  • Updated: 23 min ago
  • MLS #: 900407
0
Beds
0
Baths
0
½ Baths
7.5
Acres
Neighborhood:
Other Counties
County:
Other
Area:
Other Counties
Property Description
Welcome to Mona Lisa Apartments! This property, nestled between New LLano and Leesville, offers the multifamily investor an opportunity to acquire a well-maintained asset located in a limited supply submarket with a higher than average rental base. Additionally, this asset has a rent delta of $134-$164 on average per unit vs. the market leading assets and should be able to easily close the gap with a limited value add campaign and management push to maximize returns.
Property Features

Business Name Mona Lisa Apartments New Construction YN No Property Class Commercial Property Condition Existing

Listing courtesy of Coastal Luxury: (850) 213-3478.


© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or John Martin Group | Berkshire Hathaway HomeServices PenFed Realty. Vendor Member number: 28178. Data last updated: 2022-09-27T22:59:21.49.
Vendor Member #28178.
 
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John Martin Group | Berkshire Hathaway HomeServices PenFed Realty
7684 W. County Highway 30A
Santa Rosa Beach FL, 32459