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  • 3560
  • 1930
  • 63
Active Status Apartments
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***REDUCED $25,000 FOR QUICK SALE***ONLY $45,000 PER DOOR*** **DO NOT DISTURB TENANTS** BY APPOINTMENT ONLY**$23-27k NET INCOME*** Investment money maker in the heart of Milton and walking distance to Downtown, with a beautiful waterfront boardwalk and quaint and quirky shops and restaurants! **Brand new HVAC inside and out installed Unit A $5900 May 2019, new units installed for Units C and D, inside and out $3647 October 2018, and Unit B outside $2690 August 2018**This unique apartment building contains 5 units. Laundry facility on site, with parking in the rear. Beautiful 2nd story deck was replaced in 2013. Nice park with fountain across the street. Unit A- $725/mo (needs work-currently vacant as of May 2019), Unit B- $775/mo, Unit C- $725/mo, Unit D- $685/mo, Unit E- $600/mo, for an annual gross income of $42120. Annual Expenses include: $3425 gas/water/sewer/garbage, $7293 electric, $1644 property taxes, $1972 insurance, $4200 property management, for a potential cap rate of 10% ($23,586 net income) with current income and expenses, or 12% ($27,786 net income) if managing the property yourself.

Address: 5049 CANAL ST
State: FL
City: Milton
County: Santa Rosa
Zip Code: 32570
Neighborhood: Town Of Milton
MLS#: 550718
MLS Area:

Interior Details

  • Appliances:
  • Features:
  • Furnished:
  • Floor Type:Hardwood
  • Cooling:
  • Heating:2+ Units
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:Composite Shingle
  • Garage Spaces:
  • Pool:No
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  • Lot Description:
  • Lot Size:58' x 237'
  • Road:CITY

Community Details

Rental Information

  • Rental Income:$0
  • Rental Number:0
Property Information Last Updated: 6/16/2019 6:57:38 PM
Property Listed By Gulf Coast Home Experts, LLC