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248 Four Mile Rd 8 Unit Apartment Building $1,845,180 CAD ($230,647 CAD/Unit) Freeport, FL 32439
Investment Highlights
- Solid brick duplex construction with lots of parking
- Near parks, schools and, shopping
- Very close to the City of Freeport and convenient for workers
Executive Summary
This property includes 4 updated duplex units (8 units total) plus an additional 2 acres with R-3 zoning allowing up to 14 units to be built per acre. Cash flow is excellent and the units have been fully remodeled and updated.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$164,016
|
$27.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$164,016
|
$27.34
|
| Taxes |
$3,060
|
$0.51
|
| Operating Expenses |
$35,537
|
$5.92
|
| Total Expenses |
$38,597
|
$6.43
|
| Net Operating Income |
$125,419
|
$20.90
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $164,016 |
| Annual Per SF | $27.34 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $164,016 |
| Annual Per SF | $27.34 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,060 |
| Annual Per SF | $0.51 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $35,537 |
| Annual Per SF | $5.92 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,597 |
| Annual Per SF | $6.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $125,419 |
| Annual Per SF | $20.90 |
Property Facts
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 16-1S-19-23000-008-0020 | Total Assessment | $211,524 CAD |
| Land Assessment | $15,120 CAD | Annual Taxes | $3,060 CAD ($0.51 CAD/SF) |
| Improvements Assessment | $196,405 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
16-1S-19-23000-008-0020
Land Assessment
$15,120 CAD
Improvements Assessment
$196,405 CAD
Total Assessment
$211,524 CAD
Annual Taxes
$3,060 CAD ($0.51 CAD/SF)
Tax Year
2025
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248 Four Mile Rd
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