28 Garden Lane, Niceville, FL 32578

$6,800,000

Property Description

62 apartments and a separate building for the laundromat. Has a great cash flow currently for the rental apartments. 32 apartments are rented to the athletes at Northwest Florida State College. Unit Breakdowns include the following: 44 2BR/1BA, 4 2BR/2BA, 8 1BR/1BA, 6 3BR/2BA. Half of them have laundry rooms, plenty of parking and maintenance is up-to-date. A leaseback of 32 units is required for this sale. Ask for a copy of leaseback terms.

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Listing courtesy of ERA American Real Estate.