700 N Palm Blvd, Niceville, FL 32578
- Beds
- 2
- Bath
- 1
- Sqft
- 7,052
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
Discover the potential of this well-maintained 8-unit apartment complex, perfectly positioned for steady rental income and future growth. The property consists of two buildings connected by a breezeway, offering a cohesive layout and convenient access for residents. Each of the eight units features 2 bedrooms, 1 full bath, a comfortable living room, a dedicated dining area, and a functional kitchen equipped with an electric oven, pantry, and refrigerator. Four units are currently tenant-occupied with varying lease terms, providing immediate income while leaving room for strategic updates or new tenants as desired. Sitting on a generously sized lot, this property offers rare development flexibility. There is ample space to expand up to 15 total units, allowing the addition of another apartment building, townhomes, or even single-family homes—making it an ideal opportunity for both seasoned investors and developers. Located just down the road from Northwest Florida State College and near
Location
Full feature list
Basic info
- Property type
- Condo/Co-op
- Number of bedrooms
- 2
- Number of bathrooms
- 1
- Square feet
- 7,052
- Year built
- 1985
Utilities
- Heating
- Central
- Cooling
- Ceiling fan(s), Central air
- Sewer
- Public sewer
- Water
- Public
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Pensacola Association of REALTORS MLS®#: 674157
