2027-2043 Presidio StNavarre, FL 32566

Property Details for 2027-2043 Presidio St

Year built

2006

Lot size

0.92 AC

Property size (Sq ft)

14,746 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This eight-unit apartment community in Navarre, Florida, presents a compelling value-add investment opportunity. The property comprises four buildings, each one-story, totaling 14,746 square feet on a 0.92-acre lot. The eight units consist of four two-bedroom/two-bathroom and four three-bedroom/two-bathroom units, each with a private garage (two-car for three-bedroom units, one-and-a-half-car for two-bedroom units). Units feature ceramic tile and carpet flooring, nickel hardware, full kitchens with dishwashers, and in-unit laundry. The property boasts ample on-site parking and mature landscaping. Located in a quiet residential neighborhood, it offers convenient access to downtown Navarre, Navarre Beach, Santa Rosa Sound, and major roadways (FL Route 87 and US Route 98). The area is rich with amenities, including grocery stores, national retailers, restaurants, and local businesses. Nearby are schools, the Santa Rosa Sound, and recreational areas. The property benefits from its location in Santa Rosa County, a rapidly growing area with strong military ties, a thriving tourism sector, and a robust economy. The average household income within a five-mile radius exceeds $110,000. The asking price is $1,898,000, representing $137,250 per unit and $177.52 per square foot of net rentable area (10,692 sq ft). The property's separately metered utilities (electricity and water) for each unit offer potential for increased revenue. The building was constructed in 2006. This property offers significant potential for value enhancement through renovations and increased rental rates.

Location Insight

City

Navarre

County

Santa Rosa

State

Florida

Latitude

30.4085

Longitude

-86.8673

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