Shon/Dee Team: Pope - MacDughlas
BEDS0
BATHS
MLS#393635
STATUSActive Under Contract
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONUNREC
Property Description
RARE INVESTMENT OPPORTUNITY 851 Maple St is a rare investment opportunity for investors looking for long term cash flow and stability, with additional re-development potential. As it sits, this asset is comprised of two quadplexes on 3.84 acres. Each two story detached structure contains 4 2 bedroom 1.5 bath units. With this asset being located in close proximity to both River Junction Correctional Facility and the Florida State Hospital, this makes for a high demand affordable housing solution for the hundreds of employees at the combined institutions. With the average Median Income per household of Chattahoochee being $54,375 and the per capita at $14,700, this will be an affordable option for the vast majority of the population as well, at the current market/active rents of $975 per unit. This property was acquired by the current owner in 2023 and was appraised at $610,000.00 before the interior renovations of all of the units. This is a turnkey investment opportunity with strong past, present, and future value rents.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s)
Heating: Central
Taxes: $4,280
Year Built: 1978
Feature Descriptions
Appliances: Range, Refrigerator
Days on Site: 109
Directions: Hwy 90 to Chattahoochee left on Maple, travel .7 miles to apartments on left
Exterior: Wood Siding
Flooring: Laminate
Home Warranty Y/N: No
Lease Considered Y/N: No
Lease Terms: 12 Months
Listing Terms: Cash, Conventional
Parcel#: 12039-2-04-3N-6W-0000-00113-0600
Parking: Unassigned
Parking Notes: Unassigned
Property Attached Y/N: No
Property Sub-Type: Multi Family
Security: Smoke Detector(s)
Units: 8
Local Schools
High School: Other
Middle School: Shanks Middle School (Gadsden)
Elementary School: Chattahoochee Elementary (Gadsden)
Listed By / Shown By
Listed By
Agency Name: Keller Williams Town & Country
Shown By
Agent Name: Shon/Dee Team: Pope - MacDughlas
Agent Phone: (904) 347-6353
Agency Title: Adams Cameron & Co. REALTORS
Estimate Your Payment
Estimated Payment
$ 3,887.93 per month $3,347.80 Principal & Interest $356.67 Property Tax $183.46 Homeowner's InsuranceChange Payment Information
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851 Maple Street, Unit 8 | MLS# 393635
This multi-family property located at 851 Maple Street, Unit 8, Chattahoochee, FL 32324 is currently listed for sale with an asking price of $629,000. Search Chattahoochee real estate on teammacpope.adamscameron.com today.