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40 4th Avenue, Shalimar 32579 (Active)
Listing Information
| Property Type: Commercial Sale |
| MLS #: | 969018 | Price: | $1,600,000.00 | Year Built: | 1996 | Square Feet: | 12147 | Bedrooms: | Not available | Bathrooms: | Not available |
| HOA Fees: | Not available | Lot Size: | 0.06 acres | Lot Dimensions: | 316X160 APPROXIMATELY |
Subdivision: Not available
Description:
Introducing an exceptional investment opportunity in the heart of Shalimar! This 12-unit multifamily property delivers a solid NOI of $81K, with a 4% rent increase already secured for 2025. All units are fully leased with no vacancies, ensuring steady income from day one. The seller is offering a stellar financing package: 40% down at 6.5% interest for 36 months. Enjoy no payments for the first 3 months and interest-only payments for the following 9 months, giving you the perfect window to build reserves and optimize early cash flow. Subject to credit approval and additional terms.The property features three duplex buildings, each with 2-bedroom, 1-bath units at 812 sqft, complete with carports
Photos
Features
Not availableCommercial Features
| Multi-Family Year Built: 1996 | Multi-Family Building Square Footage: 12147 | Multi-Family Number of Units: 12 | |
| Multi-Family Vacancy Rate: 0 | Multi-Family Actual Gross Income: 152820 | Multi-Family Net Operating Income: 90431 | Multi-Family Cap Rate: 6 |
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This listing provided courtesy of Keller Williams Realty FWB.
This information was last updated on 2/21/2025 10:03:27 PM.
All information in this listing is approximate. Buyers are expected to verify any specific information prior to signing any contract. Neither Brandon Jordan, ERA American Real Estate, ECAR, nor any other Realtor is liable for any inaccuracies herein.
All listings are provided courtesy of the Emerald Coast Association of Realtors, copyright 2025. All rights reserved.
