2045 Third AveSneads, FL 32460

  • Residential income properties
  • 52,200 SF
For Sale
$750,000 View listing

Property Details for 2045 Third Ave

Year built
2001
Lot size
10.07 AC
Property size (Sq ft)
52,200 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

Auctioning this 76-unit LIHTC apartment community in Sneads, Florida. Built in 2001, this two-story, 52,200 square foot building sits on 10.07 acres and boasts a 71% occupancy rate as of September 1, 2024. The property features a clubhouse, common area bathrooms, four laundry facilities, a library, gym, elevator, community kitchen, business center/computer lab, picnic area with grills, and an indoor heated swimming pool with a retractable roof. Unit mix includes 55 one-bedroom/one-bathroom, 13 two-bedroom/two-bathroom, and 8 two-bedroom/two-bathroom units with patios. The property offers significant upside potential through lease-up at increased rents (currently below maximum allowable rents), capital improvements, and hands-on management. Recent improvements include common area wainscot, flooring, and paint, as well as several unit renovations. The roof was replaced within the last five years. Located near US-90 and approximately 6 miles from I-10, this property provides easy access to regional amenities and transportation corridors. Sneads is situated in the Florida Panhandle, near the Georgia border, approximately 50 miles west of Tallahassee and 50 miles east of Dothan, Alabama. Nearby attractions include Three Rivers State Park, Jim Woodruff Dam, and Lake Seminole. The asking price is $750,000.

2045 Third Ave, Sneads, Florida

Location Insight

City
Sneads
County
Jackson
State
Florida
Latitude
30.7126
Longitude
-84.9213

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].